Charge for period - (1,465) 0 (1,465)
Disposal - - 0 0
At 30 June 2016 - (6,125) (38,738) (44,863)
Net book value
At 30 June 2016 524,724 0 0 524,724
Expenditure on exploration activities is deferred on areas of interest until a
reasonable assessment can be determined of the existence or otherwise of
economically recoverable reserves. No amortisation has been charged in the
period. The directors have reviewed the carrying value of the exploration and
evaluation assets and consider it to be fairly stated and not impaired at 30
June 2016. The recoverability of the exploration and evaluation assets is
dependent on the successful development of the group's licence areas.
3. Share capital - Group and Company
30-Jun-16 30-Jun-15
Euro Euro
200,000,000 Ordinary shares of Euro 0.001 each 200,000 200,000
50,000 "A" Ordinary shares of One Euro each 50,000 50,000
250,000 250,000
Issued, called up and fully paid
Number of Share Share
shares Capital Premium
Euro Euro
Euro 0.001 Ordinary Shares
As at 30 June 2015 74,316,719 74,317 1,739,769
Issued in period 33,500,000 33,500 313,604
As at 30 June 2016 107,816,719 107,817 2,053,373
Issued, called up and partly paid
Number of Share Share
shares Capital Premium
Euro Euro
One Euro A Ordinary Shares
As at 30 June 2015 38,093 38,093 -
Issued in period - - -
As at 30 June 2016 38,093 38,093 -
"A" Ordinary Shares have the right to receive notice of and attend but not to
vote at general meetings, no right to a dividend, right to return of capital
but no further right to participate in a distribution of assets of the company.
The directors of the issuer accept responsibility for this
announcement.
Contact Details:
IMC Exploration Group PLC
Mr. Liam McGrattan
Tel. Ireland +353 872745427
This announcement is distributed by PR Newswire on behalf of the company.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
