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IMIC Intl Min&IN Crp

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intl Min&IN Crp LSE:IMIC London Ordinary Share GB00B5WJVL79 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

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Date Time Title Posts
25/8/202214:10International Mining and Infrastructure Corporation609
30/8/202116:13IMIC Loan Note Holder Community660
19/9/201623:20afferro 40p notes-
01/9/201420:24African Iron Ore Group9
25/6/201309:02India Mining & Infrastructure Corp.920

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Intl Min&IN Crp (IMIC) Top Chat Posts

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Posted at 30/8/2021 15:57 by effortless cool
Under the Arrangement, holders of Afferro Shares will receive consideration (the “Consideration”) to be satisfied by £1.20 per Afferro Share:
• £0.80 in cash, plus
• A 2-year unsecured convertible note issued by IMIC (the “Convertible Note”) with principal amount of £0.40, carrying simple annual interest of 8% payable at maturity and having a conversion right described in the accompanying Information Circular.

IMIC has also agreed to purchase, in cash, all of the currently issued and outstanding Afferro stock options (“Afferro Options”) for (i) in respect of each Afferro Option that is “in the money” on the Effective Date (as defined below), an amount equal to the difference between: (A) £1.20; and (B) the exercise price of such Afferro Option (the exercise price of such Afferro Option being converted from Canadian dollars if necessary on the basis of the Bank of Canada noon exchange rate three (3) Business Days prior to the Effective Date); and (ii) in respect of each Afferro Option that is “out of the money” on the Effective Date, nil.
Posted at 06/7/2021 13:37 by milanista11
As I see it this a different company doing business as mortgage broker.
WOULD like also to know what happened with Imic plc. The administration process has been terminated, I guess they have in the meanwhile liquidated the company. Wonder if they have obtained some proceeds and how they will pay them out.
Posted at 06/7/2021 13:26 by dickturpin39
There seems to have been a development. IMIC registered office is now in Birmingham with a restructuring company. I plan to contact them and find out what is going on. Have the mining rights been sold? Anyone know?
Posted at 08/2/2021 10:14 by deltrotter
I am sorry to hear that. Iron Ore at the price it is.

Well, I learned my lesson on this one.

Cheers

Del
Posted at 03/6/2019 15:41 by gheebee
Former IMIC adviser, Claude Gueant, has been stripped of his French "knighthood" and "OBE" equivalent. Embezzlement; who'd have guessed it?

hxxps://www.jeuneafrique.com/mag/782875/politique/france-la-chute-de-claude-gueant-le-monsieur-afrique-de-nicolas-sarkozy/
Posted at 18/5/2019 22:29 by gheebee
"SIM –Société Internationale Métallique (Canada) Ltée(“SIM”) -£1,325,904 As per the previous progress report, SIM have informed the Joint Administrators that they are not currently in a position to repay the outstanding amount, but they anticipate raising additional capital in the medium term following which they will submit a proposal to the Joint Administrators for their consideration. The proposal is still yet to be received.

Investigation

Part of my duties include carrying out proportionate investigations into what assets the Company has, including any potential claims against directors or other parties, and what recoveries could be made. I have reviewed the Company’s books and records and accounting information,requested further information from the directors, and invited creditors to provide information on any concerns they have regarding the way in which the Company’s business has been conducted.I can confirm that no further investigations or actions were required."

Looks like IMIC has joined Afren and Gasol in the list of UK companies that no longer provide the Cooper family with a supply of ready cash, which is punishment enough I suppose.
Posted at 25/4/2019 01:12 by noirua
Noirua - 25 Apr 2019 - 00:54:36 - 608 of 609 International Mining and Infrastructure Corporation - IMIC
IMIC Loan Note Holders:

Company's House.
Posted at 25/4/2019 00:54 by noirua
IMIC Loan Note Holders:

Company's House.
Posted at 25/4/2019 00:38 by noirua
Share quotation is cancelled on 26 April 2019 as IMIC goes into receivership/Administration. Certificates will be sent out by brokers if issued by the company.
Posted at 11/4/2019 08:56 by gheebee
Interesting times for IMIC administrator. Bearing in mind that the Libyan Foreign Bank is in charge here (the civil war has flared up again) and that IMIC had associates of the Ablyazov crime syndicate on board, if not on the board, (associated in the press with Trump's properties in NY) they must be treading on a lot of political eggshells.
Intl Min&IN Crp share price data is direct from the London Stock Exchange

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