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IMC Exploration Group Plc (IMC) Listing of New Equity Securities
Further to the Company’s announcement on 26th July 2019 of the conditional Placing of 10,000,000 new Shares (together with a like number of Warrants) and its intention to apply for Admission of the Placing Shares, the Company is pleased to announce that it has received confirmation that the Placing Shares were admitted and that trading in them commenced on the regulated market of the London Stock Exchange on 1st August 2019.
As earlier advised, the Placing Shares rank pari passu with the existing Shares. The total number of Shares in issue is now 265,014,285 (previously 255,014,285).
Expressions in the foregoing announcement, including “Shares”, “Placing”, “Placing Shares”, “Admission,” et cetera which are denoted by capital letters have the same meanings as those ascribed to them in the announcement dated 26th July 2019, to which reference is made above.
Eamon P. O’Brien,
Executive Chairman,
Dublin, 1st August 2019
The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.
REGULATORY ANNOUNCEMENT ENDS.
Details:
Kathryn Byrne: +353 85 233 6033
IMC Exploration Group plc
Graham Atthill-Beck: +44 20 7464 4091/+44 750 643 4107 / Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk
Keith, Bayley, Rogers & Co. Limited
Tom Curran: +44 20 3700 0100
SVS Securities Limited
IMC Exploration Group Plc (IMCP) – Issue of Equity; Directors’ Interests
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