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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 (IMC) Update to Announcement Dated 26th July 2019; differs in respect only to anticipated Admission date
Following the admission to the standard segment of the Official List of the Financial Conduct Authority of the United Kingdom (”FCA”) and to trading on the regulated market of the London Stock Exchange (“Admission”) of the whole of the issued share capital of the Company, the Board of IMC is pleased to announce that it has raised GBP 100,000 (one hundred thousand pounds Sterling) before expenses by way of a placing (the “Placing”) of 10,000,000 (ten million) new ordinary shares of EUR0.001 each (“Shares”) in the Company at a price of 1p per share (the “Placing Shares”), conditional only upon Admission of the Placing Shares. Alongside each Placing Share will be issued a warrant to subscribe for one further Share at a price of 1p per Share, exercisable for one year from the date of issue (“Warrant”). There is no intention to make application for admission to trading on any public market of the 10,000,000 Warrants.
The Placing Shares will rank in all respects pari passu with the existing Shares, of which 255,014,285 are in issue. Application is being made for Admission of the Placing Shares, which is expected to occur on or about 31st July 2019. The total number of Shares in issue following the Placing will be 265,014,285 (previously 255,014,285).
The net proceeds of the Placing will be applied to general working capital purposes, including acceleration of the Company’s geological work on the Avoca project in Co. Wicklow, Ireland. Recently, samples of the spoil heaps were taken at one metre intervals through the upper sections of the heaps. Sulphide mineralisation was visible throughout. A portion of these samples has been combined and is currently undergoing extensive mineralogical and metallurgical examination in an external laboratory to determine the most efficient means of metal extraction.
IMC’s exploration programme on its gold and copper licences in south-east Ireland continues, with a considerable amount of data already gathered. These data are currently being analysed and will inform the next phase of the Company’s works’ programme in this area.
Eamon P. O’Brien,
Executive Chairman,
Dublin, 29th July 2019
The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.
REGULATORY ANNOUNCEMENT ENDS.
Contact 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) Placing of New Equity Securities
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Following the admission to the standard segment of the Official List of the Financial Conduct Authority of the United Kingdom (”FCA”) and to trading on the regulated market of the London Stock Exchange (“Admission”) of the whole of the issued share capital of the Company, the Board of IMC is pleased to announce that it has raised GBP 100,000 (one hundred thousand pounds Sterling) before expenses by way of a placing (the “Placing”) of 10,000,000 (ten million) new ordinary shares of EUR0.001 each (“Shares”) in the Company at a price of 1p per share (the “Placing Shares”), conditional only upon Admission of the Placing Shares. Alongside each Placing Share will be issued a warrant to subscribe for one further Share at a price of 1p per Share, exercisable for one year from the date of issue (“Warrants”). There is no intention to make application for admission to trading on any public market of the 10,000,000 Warrants. The Placing Shares will rank in all respects pari passu with the existing Shares, of which 255,014,285 are in issue. Application is being made for Admission of the Placing Shares, which is expected to occur on or about 30th July 2019. The total number of Shares in issue following the Placing will be 265,014,285 (previously 255,014,285). The net proceeds of the Placing will be applied to general working capital purposes, including acceleration of the Company’s geological work on the Avoca project in Co. Wicklow, Ireland. Recently, samples of the spoil heaps were taken at one metre intervals through the upper sections of the heaps. Sulphide mineralisation was visible throughout. A portion of these samples has been combined and is currently undergoing extensive mineralogical and metallurgical examination in an external laboratory to determine the most efficient means of metal extraction. IMC’s exploration programme on its gold and copper licences in south-east Ireland continues, with a considerable amount of data already gathered. These data are currently being analysed and will inform the next phase of the Company’s works’ programme in this area. Eamon P. O’Brien, The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement. Graham Atthill-Beck: +44 20 7464 4091/+44 750 643 4107 / Graham.Atthill-Beck@kbrl.co.uk Tom Curran: +44 20 3700 0100 |
Brand CEO Alan Green talks Open Orphan #ORPH, Volga Gas #VOLG, Thomas Cook #TCG & IMC Exploration #IMC on Vox Markets podcast
Alan Green, CEO of Brand Communications talks about: Open Orphan #ORPH Volga Gas #VGAS Thomas Cook #TCG IMC Exploration #IMC with Justin Waite on the Vox Markets podcast. Interview is 7 minutes 29 seconds in.
Brand CEO Alan Green talks about: Bidstack #BIDS Tiziana Life Sciences #TILS RA International #RAI IMC Exploration #IMCP Thomas Cook Group #TCG
Alan Green CEO of Brand Communications talks about: Bidstack #BIDS Tiziana Life Sciences #TILS RA International #RAI IMC Exploration #IMCP Thomas Cook Group #TCG
(Interview starts at 31 minutes 48 seconds)
IMC Exploration Group Plc Admission to standard segment of Official List
Application for Admission of the Whole of the Issued Ordinary Share Capital to the Official List and to Trading on the Regulated Market of the London Stock Exchange
Pursuant to a prospectus dated 16th April 2019, the Company announces that it has today applied for the admission by way of an introduction (“Admission”) of the whole of its outstanding ordinary share capital consisting of 255,014,285 existing fully-paid ordinary shares of €0.001 each in the Company (“Shares”) to the standard segment of the Financial Conduct Authority’s Official List.
Trading in the Shares shall commence at 08.00 BST on 8th July 2019 on the regulated market of the London Stock Exchange. IMC shall accordingly request NEX Exchange that the Shares be withdrawn from trading on the NEX Exchange Growth Market with effect from the close of that market on 5th July 2019, being the business day immediately preceding Admission.
Eamon O’Brien,
Executive Chairman,
Dublin, 24th June 2019
This announcement has been made after due and careful consideration; the Directors of IMC accept responsibility for the content.
REGULATORY ANNOUNCEMENT ENDS.
Enquiries:
IMC Exploration Group PLC
Eamon O’ Brien: Tel. +353 87 618 3024
Keith, Bayley, Rogers & Co. Limited
Graham Atthill-Beck: Tel: +44 20 7464 4091/+44 750 643 4107/+971 50 856 9408
E-mail: Graham.Atthill-Beck@kbrl,co.uk
Stephen Clayson: Tel: +44 20 7464 4090
E-mail: Stephen.Clayson@kbrl.co.uk
Brinsley Holman: Tel: +44 207 464 4098
E-mail: Brinsley.Holman@kbrl.co.uk
IMC Exploration Group #IMCP – Publication of Prospectus re Admission to Trading on the London Stock Exchange
IMC Exploration Group plc (Incorporated and Registered in Ireland under the Irish Companies Act 2014 with registered number 500487)
Publication of Prospectus in relation to the proposed application for admission of all of the 255,014,285 Ordinary Shares in issue to the standard segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange
The Directors of IMC Exploration Group plc (“IMC” or the “Company”) are pleased to announce that The Central Bank of Ireland has approved the prospectus dated 16th April 2019 (the “Prospectus”) relating to the Company’s intended application for admission of the whole of its issued ordinary share capital to the standard segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange.
The Prospectus is available on the Company’s website (https://www.imcexploration.com/media/attachments/2019/04/16/imc-prospectus.pdf) and is available for inspection in physical format at the Company’s registered office, 70 Ballybough Road, Ballybough, Dublin 3, Ireland, during business hours (Monday – Friday. 9am – 5pm) up to and including 15th April 2020. Investors may also refer to this address to request a printed copy of the Prospectus.
The Company intends to apply for admission of all of the 255,014,285 ordinary shares in issue to the standard segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange and anticipates admission to take place on or about 11th June 2019.
IMC Exploration Group Plc,
Dublin, 16th April 2019
Enquiries:
IMC Exploration Group Plc
Mr. Eamon O’Brien
Tel. Ireland: +353 87 6183024
Keith, Bayley, Rogers & Co. Limited (Financial Adviser to IMC)
Mr. Graham Atthill-Beck
Tel. +44 207 464 4091; +971 50 856 9408
IMC Exploration Group #IMCP – Interim Results to 31st December 2018
Financial Results for IMC Exploration Group PLC (‘IMC’ or ‘the Company’) for the half-year ended 31st December 2018
Chairman’s Statement
The Directors of IMC Exploration Group plc are pleased to present the interim financial results for IMC for the six months to 31st December 2018. The consolidated, unaudited financial statements presented below have been reviewed by the Company’s auditors.
IMC continues with its exploration work on its spoils and tailings project in Avoca, Co. Wicklow in association with Trove Metals Limited. Over this period IMC has been engaged in extensive sampling, petrographic, mineralogical and metallurgical testing. In the fourth quarter of 2018, IMC carried out drilling on its highly prospective Avoca property PL 3849 in Co Wicklow, Ireland. The drill hole encountered a sequence of flow-banded rhyolites, locally brecciated with a dark siliceous matrix and minor pyrite mineralisation (maximum 1% pyrite). Several zones (1-2m wide) of intense quartz veining with pyrite occur within the rhyolite sequence. During this period, IMC also engaged CSA Global Limited to carry out a JORC Code (2012) compliant Competent Person’s Report. IMC has commenced drilling on its north Wexford licence PL 2551. This is a highly prospective licence for gold mineralisation. There are many occurrences of gold in panned concentrates, gold in soils, gold in deep overburden, gold in mineralised float and gold in bedrock.
This has been a significant six months for IMC. The progress made on our Avoca spoils and tailings project has been remarkable. IMC is embarking on a very exciting drilling programme on a number of our licences in the coming weeks and months. In the opinion of your Board, IMC is well positioned to realise its potential to the benefit of all shareholders.
EAMON O’BRIEN,
Executive Chariman, IMC Exploration Group plc
| Unaudited Consolidated Statement of Comprehensive Income for the period ended 31 December 2018 | |||||||
| Six Months | Six Months | Year Ended | |||||
| Notes | 31-Dec-18 | 31-Dec-17 | 30-Jun-18 | ||||
| Euro | Euro | ||||||
| Continuing Operations | |||||||
| Revenue | – | – | – | ||||
| Other Income / (Expense) | 0 | 0 | 0 | ||||
| Administrative Expenses | (155,737) | (74,680) | (921,757) | ||||
| Amount written off intangible assets | – | – | (284,088) | ||||
| (Loss) before tax | (155,737) | (74,680) | (1,205,845) | ||||
| Income tax expense | 0 | 0 | 10,991 | ||||
| (Loss) for period from continuing operations | (155,737) | (74,680) | (1,194,854) | ||||
| Other Comprehensive income | – | – | |||||
| Loss for the period and total comprehensive loss for the period | (155,737) | (74,680) | (1,194,854) | ||||
| Earning per share (all continuing) | |||||||
| Loss per ordinary share – basic & diluted | 1 | (0.001) | (0.001) | (0.005) | |||
| Unaudited Consolidated Statement of Financial Position As at 31 December 2018 | |||||||
| Six Months | Six Months | Year Ended | |||||
| Notes | 31-Dec-18 | 31-Dec-17 | 30-Jun-18 | ||||
| Non Current Assets | 2 | 364,139 | 587,666 | 332,127 | |||
| Current assets | |||||||
| Debtors | 0 | 78,747 | (0) | ||||
| Cash and cash equivalents | 116,425 | (35,362) | 212,410 | ||||
| Total assets | 480,564 | 631,050 | 544,537 | ||||
| Equity and liabilities | |||||||
| Equity | |||||||
| “A” Ordinary Share Capital | 38,093 | 38,093 | 38,093 | ||||
| Ordinary Share Capital | 255,014 | 136,017 | 240,014 | ||||
| Share Premium – Ord Shares | 3,606,798 | 2,554,409 | 3,490,942 | ||||
| Retained Earnings | (3,436,053) | (2,160,143) | (3,280,316) | ||||
| Equity attributable to the owners of the Company | 463,852 | 568,376 | 488,733 | ||||
| Current Liabilities | |||||||
| Trade & Other Payables | 16,712 | 62,674 | 55,804 | ||||
| Total liabilities | 16,712 | 62,674 | 55,804 | ||||
| Total equity and liabilities | 480,564 | 631,050 | 544,537 | ||||
| Unaudited Consolidated Statement of Changes in Equity for the period ended 31 December 2018 | |||||||
| “A” | Share | ||||||
| Ordinary | Ordinary | Premium | |||||
| Share | Share | Ordinary | Retained | ||||
| Capital | Capital | Shares | Losses | Total | |||
| Euro | Euro | Euro | Euro | Euro | |||
| Balance at 30 June 2017 | 38,093 | 128,517 | 2,489,137 | (2,085,462) | 570,285 | ||
| Loss for the Period | (1,194,854) | (1,194,854) | |||||
| Other Comprehensive loss for the period | – | ||||||
| Issue of share capital | 111,497 | 1,001,805 | 1,113,302 | ||||
| Balance at 30 June 2018 | 38,093 | 240,014 | 3,490,942 | (3,280,316) | 488,733 | ||
| Loss for the Period | (155,737) | (155,737) | |||||
| Other Comprehensive loss for the period | – | ||||||
| Issue of share capital | 15,000 | 115,856 | 130,856 | ||||
| Balance at 31 December 2018 | 38,093 | 255,014 | 3,606,798 | (3,436,053) | 463,852 | ||
| Accounting Policies | |||||||
| Basis of Preparation | |||||||
| The financial statements have been prepared on a historical cost basis. | |||||||
| The financial statements are presented in Euro. | |||||||
| 1. Statement of Compliance | |||||||
| The consolidated year end financial statements of IMC Exploration Group PLC and its subsidiary have been reviewed by the auditor and have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union (EU). In addition to complying with its legal obligation to comply with IFRS as adopted for use in the EU, the Group has also complied with IFRS as issued by the International Accounting Standards Board (IASB). | |||||||
| Notes to and forming part of the annual financial statements | |||||||
| 1. Loss per Share | |||||||
| Basic loss per Ordinary Share amounts are calculated by dividing net loss for the period attributable to ordinary equity holders of the parent by the weighted average number of Ordinary Shares outstanding during the period. | |||||||
| Basic earnings per share | |||||||
| The weighted average number of ordinary shares used in the calculation of basic and diluted earnings per share is as follows: | |||||||
| Six Months | Six Months | Year Ended | |||||
| 31-Dec-18 | 31-Dec-17 | 30-Jun-18 | |||||
| Loss for the period attributable to equity holders of the parent | 155,737 | 74,680 | 1,194,854 | ||||
| Weighted average number of ordinary shares for the purposes of basic earning per share | 255,014,285 | 136,016,719 | 240,014,285 | ||||
| Basic (loss) per ordinary share | (0.001) | (0.001) | (0.005) | ||||
| 2. Non Current Assets | |||||||
| Exploration | Plant and | Financial | |||||
| Expenditure | Equipment | Assets | Total | ||||
| Euro | Euro | Euro | Euro | ||||
| Cost | |||||||
| At 30 June 2017 | 587,665 | 6,125 | 0 | 593,790 | |||
| Additions/Disposals | 28,550 | – | – | 28,550 | |||
| At 30 June 2018 | 616,215 | 6,125 | 0 | 622,340 | |||
| Additions/Disposals | 32,012 | – | 0 | 32,012 | |||
| At 31 December 2018 | 648,227 | 6,125 | 0 | 654,352 | |||
| Provision for diminution in value | |||||||
| At 30 June 2017 | – | (6,125) | 0 | (6,125) | |||
| Charge for period | (284,088-) | 0 | – | (284,088) | |||
| Disposal | – | 0 | – | 0 | |||
| At 30 June 2018 | (284,088) | (6,125) | 0 | (290,213) | |||
| Charge for period | – | – | 0 | 0 | |||
| At 31 December 2018 | (284,088) | (6,125) | 0 | (290,213) | |||
| Net book value | |||||||
| At 31 December 2018 | 364,139 | 0 | 0 | 364,139 | |||
| 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 31 December 2018. 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 | |||||||
| 31-Dec-18 | 31-Dec-17 | 30-Jun-18 | |||||
| Euro | Euro | Euro | |||||
| 400,000,000 Ordinary shares of Euro 0.001 each | 400,000 | 400,000 | 400,000 | ||||
| 50,000 “A” Ordinary shares of One Euro each | 50,000 | 50,000 | 50,000 | ||||
| 450,000 | 450,000 | 450,000 | |||||
| Issued, called up and fully paid | |||||||
| Number of | Share | Share | |||||
| shares | Capital | Premium | |||||
| Euro | Euro | ||||||
| Euro 0.001 Ordinary Shares | |||||||
| At 30 June 2017 | 128,516,719 | 128,517 | 2,489,137 | ||||
| Issued in period | 111,497,566 | 111,497 | 1,001,805 | ||||
| At 30 June 2018 | 240,014,285 | 240,014 | 3,490,942 | ||||
| Issued in period | 15,000,000 | 15,000 | 115,856 | ||||
| At 31 December 2018 | 255,014,285 | 255,014 | 3,606,798 | ||||
| Issued, called up and partly paid | |||||||
| Number of | Share | Share | |||||
| shares | Capital | Premium | |||||
| Euro | Euro | ||||||
| One Euro A Ordinary Shares | |||||||
| At 30 June 2017 | 38,093 | 38,093 | – | ||||
| Issued in period | – | – | – | ||||
| At 30 June 2018 | 38,093 | 38,093 | – | ||||
| Issued in period | – | – | – | ||||
| At 31 December 2018 | 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. | |||||||
Enquiries:
| IMC Exploration Group PLC | |||||||
| Mr. Eamon O’Brien | |||||||
| Tel. Ireland +353 876183024 | |||||||
| Keith, Bayley, Rogers & Co. Limited Graham Atthill-Beck: Tel: +44 20 7464 4091/ +44 750 643 4107/+971 50 856 9408 E-mail:Graham.Atthill-Beck@kbrl,co.uk Brinsley Holman: Tel: +44 207 464 4098 E-mail:Brinsley.Holman@kbrl.co.uk |
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| This announcement is distributed by PR Newswire on behalf of the company | |||||||
IMC Exploration Group Plc (IMCP) announces that a drilling programme has commenced on PL 2551 in Co. Wexford, Ireland.
IMC Exploration Group Plc announces that a drilling programme has commenced on PL 2551 in Co. Wexford, Ireland. This is a highly prospective licence for gold mineralisation. There are many occurrences of gold in panned concentrates, gold in soils, gold in deep overburden, gold in mineralised float and gold in bedrock.
The IMC Directors believe that this current drilling programme will complement the work already carried out by IMC that significantly upgraded the gold potential of this licence.
It is considered that there is strong support for the presence of a zone of major gold mineralisation trending NE to ENE.
Dublin, 4th March 2018
The Directors of the Company accept responsibility for this announcement.
END OF REGULATORY ANOUNCEMENT
Enquiries:
IMC Exploration Group Plc
Mr. Eamon O’Brien: Tel. Ireland: +353 87 6183024
Ms. Kathryn Byrne: Tel. Ireland: +353 85 2336033
Keith, Bayley, Rogers & Co. Limited
Graham Atthill-Beck: Tel: +44 20 7464 4091/+44 750 643 4107/+971 50 856 9408
E-mail: Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: Tel: +44 207 464 4098
E-mail: Brinsley.Holman@kbrl.co.uk
IMC Exploration #IMCP – Share Placement
The board of IMC Exploration Group plc (IMC) is pleased to announce that it has raised GBP50,000 by way of a placing of 5,000,000 new ordinary shares of EUR0.001 each in the Company (“Ordinary Shares”) at a price of 1p per share (the “Placing Shares”). Attached are one warrant for every 5 Ordinary shares at a price of 1p per share, excercisable for three years from today.
The total number of shares in issue following the Placing is 255,014,285.
The net proceeds of the Placing will be used to continue our exploration work on PL 3849 in Avoca, Co. Wicklow.
The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.
Contact Details:
Kathryn Byrne: +353 85 233 6033
IMC Exploration Group plc
Brinsley Holmam: +44 207 464 4098
Keith Bayley Rogers