Source: Imperial Metals Corporation
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  • Imperial Metals (III) has closed its non-brokered private placement of unsecured convertible debentures with a principal amount of $47 million
  • Interest of 8 per cent per annum will be payable semi-annually with the first payment due on February 28, 2023
  • The proceeds will be used for general working capital purposes
  • Imperial is a Vancouver-based exploration, mine development and operating company
  • Imperial Metals Corporation (III) opened trading at C$2.60 per share

Imperial Metals (III) has closed its non-brokered private placement of unsecured convertible debentures with a principal amount of $47 million.

Each $3.20 of the principal amount of the Convertible Debentures is convertible into one common share of Imperial Metals. Interest of 8 per cent per annum will be payable semi-annually with the first payment due on February 28, 2023. The debentures mature on August 30, 2027.

A maximum of 14,687,500 common shares will be issued if all of the convertible debentures are converted into common shares.

The proceeds will be used for general working capital purposes.

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$2.60 per share.


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