Imperial: Unsecured Convertible Debentures Converted

- March 12th, 2010

Imperial Metals Corporation (TSX:III)announced that the holders of the balance of its outstanding 6% Unsecured Convertible Debentures issued on March 9, 2005 have elected to convert their aggregate principal amount of $13,980,000 into 1,616,173 common shares of the Company at the conversion price of $8.65 per share.

Imperial Metals Corporation (TSX:III)announced that the holders of the balance of its outstanding 6% Unsecured Convertible Debentures issued on March 9, 2005 have elected to convert their aggregate principal amount of $13,980,000 into 1,616,173 common shares of the Company at the conversion price of $8.65 per share.

The press release is quoted as saying:

Imperial is a mine development and operating company based in Vancouver, British Columbia. The Company’s key properties are the Mount Polley open pit copper/gold producing mine in central British Columbia, the Huckleberry open pit copper/molybdenum producing mine in northern British Columbia, the development stage Red Chris copper/gold property in northwest British Columbia, and the development stage Sterling gold property in southwest Nevada.

Click here to access the entire press release

Click here to access Imperial Metals Corporate Site

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