28 Apr

Approval of Bond Restructuring Proposals

International Mining & Infrastructure Corporation plc (AIM: IMIC), the Company focused on unlocking the value of iron ore in Africa, is pleased to announce that the holders of its US$30 million 8.75 per cent. bond due to mature in 2016 ("2016 Bondholders") (the “2016 Bond”) have accepted the proposed modifications to certain terms and conditions constituting the 2016 Bond (the “Proposals”), as outlined in the announcement dated 21 April 2015.

The extraordinary resolution in respect of the Proposals required a majority of not less than 75 per cent. of the votes cast to be passed. Accordingly, the Company is pleased that the votes cast in favour of the Proposals exceeded the 75 per cent. threshold required under the 2016 Bond instrument and therefore the restructuring has been approved.

Full announcement...