THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO.
596/2014 OF THE EUROPEAN PARLIAMENT AND THE COUNCIL OF 16 APRIL 2014 ON MARKET ABUSE AS IT FORMS PART OF
RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT
2018 (THE “MARKET ABUSE REGULATION”). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN.
IMC EXPLORATION
GROUP PLC
(“IMC”)
Proposed
Acquisition of Karaberd Mine – Third Extension to 14th
October 2023 of Time for Satisfaction
of Conditions
IMC announces that it has agreed
with Mineral Ventures Invest spol. s r.o. that the final date by
which the conditions of the intended acquisition of the Karaberd
Mine in Armenia (the
“Acquisition”), announced on 15th April 2021, must be fulfilled has been extended
until 14th October
2023.
Extensions to the fulfilment date
owing to local, COVID-19 pandemic-related factors were earlier
announced on 23rd December
2021 and 27th June
2022. Consequent upon the earlier delays, certain
structuring and organisational measures relating to the assets the
subject of the Acquisition were also delayed beyond the parties’
expectations and control, necessitating a further extension. As and
when necessary, the Directors of IMC shall continue to update
shareholders and the market on the progress of the proposed
transaction.
Eamon P. O’Brien,
Executive Chairman,
12th January 2023
Enquiries:
Keith, Bayley, Rogers & Co.
Limited
Graham Atthill-Beck: +44 7506 43
41 07; Graham.Atthill-Beck@kbrl.co.uk;
blackpearladvisers@gmail.com
Brinsley Holman: +44 7776 30 22
28; Brinsley.Holman@kbrl.co.uk
IMC Exploration Group plc
+353 85 233 6033