Announcements

DJ IMC Exploration Group Plc Issue of Equity - Directors' Interests

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

Issue of New Equity Securities

The board of IMC is pleased to announce that it has raised GBP 120,000 before
expenses by way of a placing (the "Placing") of 10,000,000 new ordinary shares
of EUR0.001 each in the capital of the Company ("Ordinary Shares") at a price
of 1.2 pence per share (the "Placing Shares"). The total number of Ordinary
Shares in issue following the Placing is 250,014,285.



The net proceeds of the Placing will be used to continue with IMC's three main
Projects: IMC's study on PL 3850 on its spoils and tailings project in Avoca,
Co. Wicklow, IMC's north Wexford gold project and IMC's zinc project in Tulla,
Co. Clare.

The board has been advised that the new Chairman, Mr Eamon O'Brien, has
subscribed for 4,340,000 of the Placing Shares. This will increase his
shareholding in IMC from 1,900,000 (0.79%) to 6,240,000 Ordinary Shares, or
2.50%.

IMC further confirms that the directors' shareholdings and their percentages of
voting rights in the issued share capital of IMC as it has been enlarged by the
Placing described above, are as follows:

Name of Director Number of Ordinary Shares Percentage of Issued Share
Capital

Eamon O'Brien 6,240,000 2.50

Dr. Glenn Millar 3,600,001 1.44

Laz Fleming 3,615,001 1.45

Kathryn Byrne 1,025,000 0.41

Dublin, 3rd October 2018

The Directors of the issuer accept responsibility for this announcement.

Enquiries:

IMC Exploration Group Plc
Mr. Eamon O'Brien
Telephone (Ireland): +353 87 6183024

Keith, Bayley, Rogers & Co. Limited
Mr. Brinsley Holman
Telephone: +44 20 7464 4098
Mr. Graham Atthill-Beck
Telephone: +44 20 7464 4091/+44 750 643 4107/+971 50 856 9408



END

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.


Disclaimers


Privacy Policy

Contact details

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

Telephone: +353 872819215
Email: info@imcexploration.com

©2018 IMC Exploration Group Plc. All Rights Reserved. Website design by Webstop