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").