20 Jun

Placing and Issue of Equity

The Board of International Mining and Infrastructure Corporation plc ("IMIC" or "the Company") (AIM:IMIC) is pleased to announce that it has completed a non-brokered, private placing of 50,000,000 new ordinary shares of 0.2 pence each ("Ordinary Shares") at a price of 20 pence per share raising new monies totalling £10 million gross. ("the Placing").

The Placing was originally subscribed to by high net worth individuals and with support from IMIC's strategic partner, the African Iron Ore Group ("AIOG").

Full announcement...