REG-IMC Exploration Group Plc: Variation of Framework Agreement

IMC ExplorationAnnouncement

23/12/2021 15:35

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 – Extension to 15(th) July 2022 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, announced on 15(th) April 2021, must be fulfilled
has been extended to 15(th) July 2022.  The reason for the extension is that,
owing to local, COVID-19 pandemic-related factors, financial reporting work
required to enable IMC to issue a prospectus in relation to the proposed
acquisition has taken longer to quantify and produce than had originally been
anticipated. If, 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,

23(rd) December 2021

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                                                                                                                                                    



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