TIDMIMCP
IMC Exploration Group Plc
("IMC" or the "Company" or the "Group")
Progress update on Standard Listing of Main Market of London Stock Exchange
Placing of new ordinary shares
As already announced, IMC is seeking a standard listing on the main market of
the London Stock Exchange. Our Corporate Advisors, Keith Bayley Rogers have
already commenced this process and indicated the listing will be achieved
within the final quarter of 2015. The London Stock Exchange is one of the
world's foremost markets for admission and trading of equity and includes many
of the world's most successful and dynamic companies.
In addition, IMC has completed the placing of 15,000,000 new ordinary shares at
a price of 1p per share to finance admission costs as well as the company's
general working capital requirements. These funds will also be used to carry
out further exploratory work on IMC's base metal licences in Tulla, Co. Clare,
Shannon and Limerick.
Chairman Liam McGrattan commented 'Due to the many significant developments in
IMC over the last six months, we feel it is imperative that IMC join the
prestigious London Stock Exchange to ensure maximum shareholder value is
achieved.'
The Directors of the issuer accept responsibility for this announcement.
Contact Details:
IMC Exploration Group Plc
Mr. Liam McGrattan
Tel. Ireland: +353 87 2745427
Keith Bayley Rogers & Co. Limited
Mr. Hugh Oram
Tel. +44 207 464 4090
15th September 2015
END
(END) Dow Jones Newswires
September 15, 2015 02:00 ET (06:00 GMT)
