Mining & Infra : 15 - Bond Restructuring Discussions

15 June 2015 INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC

('IMIC' or the 'Company')

Bond Restructuring Discussions International Mining & Infrastructure Corporation plc (AIM: IMIC), the Company focused on unlocking the value of iron ore in Africa, provides an update on discussions in relation to the restructuring of its US$30 million 9 per cent. bond due to mature in 2017 (the 'Bond'). The Bond was raised through the Company's 100 per cent. owned Canadian subsidiary, Afferro Mining Inc ('Afferro') and represents the last of the four major IMIC group bond instruments to be restructured.

The Company is in advanced discussions with the holders of the Bond (the 'Bondholders') regarding modification of certain terms of the Bond. The Company has received assurance from the Bondholders that certain proposed amendments to the terms of the Bonds are acceptable and is currently in the process of formalising the Bond restructuring. In accordance with these discussions and pending completion of final documentation, the interest payment of US$1,350,000 due on 20
June 2015 in respect of the Bond will be delayed until 20 December 2015.
A further announcement will be made in due course, setting out the amended terms of the Bond, once the restructuring has been finalised.

For further information, please contact:

International Mining & Infrastructure Corporation plc	www.imicplc.com
Ethelbert Cooper, Chairman Haresh Kanabar, Chief Financial Officer	[phone]
Strand Hanson Limited - Financial & Nominated Adviser James Spinney / Ritchie Balmer / James Bellman	www.strandhanson.co.uk [phone]
Pareto Securities Limited - Sole Broker Guy Wilkes / Will Slack	www.paretosec.com [phone]
Buchanan - Financial PR Mark Court / Sophie Cowles	www.buchanan.uk.com [phone]

About IMIC

IMIC's strategy is, in conjunction with its partner AIOG, working to develop fundable solutions to infrastructure provision for iron ore resources in West and Central Africa. In support IMIC will seek to acquire interests in iron ore projects that would benefit from a specific infrastructure solution. IMIC made its first investment with the Dec 2013 acquisition of Afferro Mining Inc, taking ownership of four iron ore deposits in Cameroon, the most advanced asset being Nkout. IMIC plans to continue to develop its assets, including accelerating the feasibility studies of the smaller Ntem deposit, which is located only 80km from Kribi deep water port.
IMIC's focus will initially be on iron ore opportunities in West and Central Africa. The demand for iron ore is currently being driven by China which consumes approximately 70 per cent. of the world's current annual production. As the urbanization of China continues demand for iron ore is expected to remain at significant levels through to 2030. The iron ore projects currently identified in West and Central Africa have the potential to produce at least 400 million tonnes of iron ore each year. This would establish Africa as a global player, alongside Australia and Brazil, in the iron ore industry.
In order to help deliver its infrastructure solutions, IMIC and AIOG have established strategic partnerships with various Chinese state owned companies. These companies are involved in railway and port construction, power, iron ore beneficiation and iron ore marketing. These relationships are intended to give IMIC and AIOG the ability to work with relevant governments and financial institutions to deliver infrastructure solutions and to guarantee the onward sale of iron ore in China and other emerging world markets.
IMIC shares are traded on the London Stock Exchange's AIM market under the ticker symbol IMIC.