Result of the Convertible Loan Noteholders' Meeting
International Mining & Infrastructure Corporation plc, the
Company focused on unlocking the value of iron ore in Africa,
announces the result of the meeting held earlier today of the
holders (“Loan Noteholders”) of the 8 per cent.
convertible loan notes (“Loan Notes”), which were
issued in December 2013 as part of the consideration for the
acquisition of Afferro Mining Inc. The extraordinary resolution
presented to the meeting to amend certain terms of the Loan Notes
was passed by the required majority of votes.
Implementation of the proposed amendments to certain terms of
the Loan Notes, as described in the announcement of 19 November
2015, remains subject to the receipt of approval from the IMIC
shareholders at a General Meeting to be held on 15 December