IMC Exploration Group Plc Update re Karaberd Mine Acquisition

 
TIDMIMC 
 
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: [phone]; [e-mail]; 
[e-mail] 
 
Brinsley Holman: [phone]; [e-mail] 
 
IMC Exploration Group plc 
 
[phone] 
 
 
 
END 
 
 

(END) Dow Jones Newswires

January 12, 2023 04:06 ET (09:06 GMT)