00:58:15 EDT Sat 19 Jul 2025
Enter Symbol
or Name
USA
CA



Imperial Metals Corp (2)
Symbol III
Shares Issued 162,996,591
Close 2025-07-14 C$ 4.63
Market Cap C$ 754,674,216
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Imperial Metals to redeem $47M of debentures

2025-07-15 00:43 ET - News Release

Mr. Brian Kynoch reports

IMPERIAL TO REDEEM SENIOR UNSECURED CONVERTIBLE DEBENTURES DUE AUGUST 30, 2027

Imperial Metals Corp. intends to redeem at par, on Aug. 18, 2025, all of its outstanding $47-million principal amount of senior unsecured convertible debentures due Aug. 30, 2027.

The company has issued notice to the holders of the debentures that it wishes to exercise its right to redeem the debentures on the redemption date. In accordance with their terms, the debentures will be redeemed at 100 per cent of their principal amount on the redemption date, together with accrued and unpaid interest up to, but excluding, the redemption date. Interest on the debentures will cease to accrue on the redemption date.

Until five business days prior to the redemption date, each holder retains the right to convert their debenture into common shares of the company in accordance with the terms of the debenture at a conversion price of $3.20 per share. Debenture shares issuable upon such conversion will be delivered on the redemption date in lieu of the redemption price.

About Imperial Metals Corp.

Imperial is a Vancouver-based exploration, mine development and operating company with holdings that include the Mount Polley mine (100 per cent), the Huckleberry mine (100 per cent) and the Red Chris mine (30 per cent). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.

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