Placing of New and Treasury Shares
The Board of IMC is pleased to announce that the Company has raised £267,500 (two hundred and sixty-seven thousand five hundred pounds Sterling) before expenses by way of an oversubscribed placing (the “Placing”) of 26,750,000 (twenty six million seven hundred and fifty thousand) new ordinary shares of €0.001 each ("Share") in the Company at a price of 1p per Share (one penny Sterling) for cash (the “Placing Shares”), conditional only upon admission of the new Placing Shares to the Official List of the FCA and to trading on the regulated market of the London Stock Exchange (“Admission”) of the new Placing Shares. Alongside each Placing Share will be issued a warrant to subscribe for one further Share at a price of 2 p (two pence Sterling) per Share, exercisable for one year from the date of issue (the “Warrants”). No application shall be made for admission to any list or to trading on any market (regulated or otherwise) of the Warrants.