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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Intl. Cons. Min | LSE:ICMI | London | Ordinary Share | KYG4839H1386 | ORD USD0.001 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMICMI
RNS Number : 5138X
International Consolidated Min. Inc
17 August 2009
17 August 2009
INTERNATIONAL CONSOLIDATED MINERALS INC.
("ICMI" or the "Company")
Temporary Suspension
International Consolidated Minerals Inc. (AIM & BVL: ICMI), the South American
focused mineral exploration and development company, announces that negotiations
to secure a restructuring of the Company's existing indebtedness and raise new
funding, as referred to in the final results announcement dated 30 June 2009,
have to date been unsuccessful and accordingly the Board has reluctantly decided
to initiate proceedings to place the Company's principal subsidiary,
International Consolidated Minerals Limited into administration.
As a result, the Board has today requested a temporary suspension, with
immediate effect, of trading in its shares on AIM and Lima, pending
clarification of the Company's financial position and its immediate requirement
for further short and medium term funding to enable it to continue operating.
A further announcement will be made as soon as possible.
Enquiries:
+---------------------------+------------------------+----------------------+
| International Consolidated Minerals Inc. |
+---------------------------------------------------------------------------+
| Jesse Rodriguez | Chief Executive | Tel: +1 305 455 3980 |
| | Officer | |
+---------------------------+------------------------+----------------------+
| Pawan Sharma | Executive Vice | Tel: +44 (0)20 7766 |
| | President - Corporate | 0085 |
| | Affairs | |
+---------------------------+------------------------+----------------------+
| Strand Partners Limited (Nominated Adviser) |
+---------------------------------------------------------------------------+
| Simon Raggett | | Tel: +44 (0)20 7409 |
| | | 3494 |
+---------------------------+------------------------+----------------------+
| Matthew Chandler | | Tel: +44 (0)20 7409 |
| | | 3494 |
+---------------------------+------------------------+----------------------+
| Fox-Davies Capital Limited (Broker, London) |
+---------------------------------------------------------------------------+
| Daniel Fox-Davies | | Tel: +44 (0)20 7936 |
| | | 5203 |
+---------------------------+------------------------+----------------------+
| David Poraj-Wilczynski | | Tel: +44 (0)20 7936 |
| | | 5226 |
+---------------------------+------------------------+----------------------+
| Credibolsa (Broker, Lima, Peru) |
+---------------------------------------------------------------------------+
| Jorge Monsante | | Tel: +511 313 2922 |
+---------------------------+------------------------+----------------------+
| Pelham (Public Relations, London) |
+---------------------------------------------------------------------------+
| Charles Vivian | | Tel: +44 (0)20 7337 |
| | | 1538 |
+---------------------------+------------------------+----------------------+
| Klara Kaczmarek | | Tel: +44 (0)20 7337 |
| | | 1524 |
+---------------------------+------------------------+----------------------+
- END -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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