DJ IMC Exploration Group Plc Issue of Equity

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

DJ IMC Exploration Group Plc Share Placement


The board of IMC Exploration Group plc (IMC) is pleased to announce that it has
raised GBP75,000 by way of a placing of 7,500,000 new ordinary shares of
EUR0.001 each in the Company ("Ordinary Shares") at a price of 1p per share
(the "Placing Shares") (the "Placing"). For each Placing Share subscribed for,
the investors are also receiving one warrant to subscribe for an additional
Ordinary Share at a price of 2p per share, excercisable for one year from
today. The total number of shares in issue following the Placing
is 143,516,719.

The net proceeds of the Placing will be used to continue our feasibility study
on PL 3850 in Avoca, Co. Wicklow. An Irish government commissioned report
indicates the spoils from previous extractive activity contain significant
concentrations of copper (56-11,344 milligrams per kilogram [mg/kg]), zinc
(44-7,404 mg/kg), lead (112-41,353 mg/kg), and arsenic (18-3,903 mg/kg).

The Directors of IMC, after due and careful enquiry, accept responsibility for
the contents of this announcement.

Contact Details:

IMC Exploration Group Plc
Mr. Liam McGrattan
Tel. Ireland: +353 87 2745427

Keith Bayley Rogers & Co. Limited
Mr. Brinsley Holman
Tel. +44 207 464 4098

31st January 2018

Latest News

About IMC Exploration

IMC Exploration Group plc was incorporated in Ireland in June 2011 with a view to identifying precious and basemetal deposits in Ireland.


Privacy Policy

Contact details

IMC Exploration Group plc,
70 Ballybough Road,
Dublin 3, Ireland

Telephone: +353 872819215

©2020 IMC Exploration Group Plc. All Rights Reserved. Website design by Webstop