Source: Imperial Metals Corporation
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  • Imperial Metals Corporation (III) has announced its intention to launch a normal course issuer bid
  • Between May 2, 2022, and May 1, 2023, the company may repurchase a maximum of 706,980 common shares, or up to 6,745 shares per day
  • Over the previous 12 months, Imperial Metals has repurchased 72,700 shares at an average price of $3.97 per share
  • Imperial is a Vancouver-based exploration, mine development and operating company
  • Imperial Metals Corporation (III) opened trading at C$3.60 per share

Imperial Metals Corporation (III) has announced its intention to launch a normal course issuer bid.

The company may repurchase up to 706,980 common shares, representing 0.5 per cent of the company’s141,395,941 common shares issued and outstanding as of April 27, 2022.

Purchases will be made commencing May 2, 2022, and ending no later than May 1, 2023.

Daily purchases will not exceed 6,745 common shares or 25 per cent of the company’s average daily trading volume of 26,980 common shares.  

The shares acquired will be used to satisfy the company’s obligations under its Non-Management Directors’ Plan and Share Purchase Plan.

Over the previous 12 months, Imperial Metals has repurchased 72,700 of its outstanding common shares at an average price of $3.97 per share.

Imperial is a Vancouver-based exploration, mine development and operating company with holdings that include the Mount Polley mine, the Huckleberry mine, and the Red Chris mine. Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.

Imperial Metals Corporation (III) opened trading at C$3.60 per share.

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