Imperial: Unsecured Convertible Debentures Converted
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.