Update re Action by PMCC
January 12 2009 - 7:49AM
UK Regulatory
RNS Number : 4784L
International Consolidated Min. Inc
12 January 2009
12 January 2009
International Consolidated Minerals Inc.
("ICMI" or "the Company")
Update re Action by Precious Metals Capital Corporation ("PMCC")
International Consolidated Minerals Inc. (AIM & BVL: ICMI), the South American focused mineral exploration and development company,
further to the announcement of 11 August 2008 has been informed that on 9 January 2009 PMCC agreed in the Superior Court of Ontario that it
would not seek any remedies in Court to attempt to block ICMI's activities until the return of the application for an interlocutory
injunction scheduled for 17 February 2009.
ICMI strenuously denies the allegations made by PMCC and will continue to resist all attempts by PMCC to disrupt the business activities
of the Company.
Enquiries:
International Consolidated Minerals
Greg Smith Executive Chairman Tel: +44 (0)20 7766 0085
Pawan Sharma Executive Vice President - Tel: +44 (0)20 7766 0085
Corporate Affairs
Strand Partners Limited (Nominated Adviser)
Simon Raggett Tel: +44 (0)20 7409 3494
Matthew Chandler Tel: +44 (0)20 7409 3494
Fox-Davies (Broker, London)
Daniel Fox-Davies Tel: +44 (0)20 7936 5203
David Poraj-Wilczynski Tel: +44 (0)20 7936 5226
Credibolsa (Broker, Lima)
Jorge Monsante Tel: +511 313 2922
Pelham Public Relations (Public Relations, London)
Charles Vivian Tel: +44 (0)20 7743 6672
Sergei Stephantsov Tel: +44 (0)20 3178 6241
Apoyo (Public Relations, Lima)
Gabriel Ortiz de Zevallos Tel: +511 513 3040
Gabriela Llosa Tel: +511 513 3043
ADDITIONAL INFORMATION ON INTERNATIONAL CONSOLIDATED MINERALS INC.
International Consolidated Minerals Inc. (AIM & BVL: ICMI) was formed in 2005 to pursue mineral exploration, development and production
with its initial attention in Latin America. ICMI's strategy is to focus on high-quality mining assets at an advanced stage of development.
In early 2006, ICMI acquired the Pachapaqui mining property in central Peru which contains appreciable high grade zinc, lead, copper, silver
and gold mineral reserves and resources. The property consists of 32 mining concessions of 2,105 hectares and one beneficiation concession
of 65 hectares on which is located mining infrastructure and equipment, hydro-electrical generating stations, offices and accommodations,
and concentrating plant facilities. In 2007, while conducting upgrades of the facilities, ICMI embarked on a drilling and exploration
geology programme, initially in one area on the Pachapaqui property, from which the Company has had tremendous success in locating, and is
confident of proving up significant additional mineral reserves and resources. Further information is available from the Company's website at: http://www.icmi-inc.com.
- END -
This information is provided by RNS
The company news service from the London Stock Exchange
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