IMC announced that it has conditionally agreed to purchase the Karaberd Mine, a gold mine located in Lori Marz, northern Armenia. If the proposed acquisition proceeds, it will take effect via the acquisition by IMC of the entire issued share capital of MVI Ireland s.r.o. (“MVI”) from Mineral Ventures Invest spol. s r.o. (the “Seller”), (the “Acquisition”), a transaction which is classified as a reverse takeover pursuant to the Listing Rules made by the Financial Conduct Authority of the United Kingdom ("FCA") (the "Listing Rules"), and the Irish Takeover Panel Act 1997, Takeover Rules 2013 (the “TakeoverRules”), which means that is it subject to and conditional upon the granting of a waiver of the requirements of Rule 9 of the Takeover Rules by the Irish Takeover Panel and the approval of IMC's shareholders. Application will be made to the FCA and the London Stock Exchange plc ("LSE"), respectively, for that number of new ordinary shares in IMC ("New Ordinary Shares") that will equate to 51% of the issued shares in IMC following the Acquisition to be allotted and issued by IMC to the Seller as the initial consideration pursuant to the Acquisition (the “InitialConsideration Shares”) to be admitted to the standard segment of the Official List maintained by the FCA ("Official List") and to trading on the LSE’s Main Market for listed securities ("Main Market") (together, the “Admission”) on completion of the Acquisition.