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Imperial Metals Corporation (the "Company" or "Imperial") (TSX:III,OTC:IPMLF) announces that it has fully repaid all outstanding senior unsecured non-convertible debentures due November 1, 2025 (the "Debentures").
The Company has repaid the principal amount of $34,470,000, along with accrued interest, under the senior unsecured non-convertible debentures issued by the Company on June 30, 2023, and amended in June 2024 (the "2023 Debentures"). The 2023 Debentures carried an interest rate of 12.0% per annum.
Additionally, the Company has repaid the principal amount of $45,000,000, along with accrued interest, under the senior unsecured non-convertible debentures issued by the Company on March 1, 2024 (the "2024 Debentures"). The 2024 Debentures also carried an interest rate of 12.0% per annum.
Further information about the Debentures can be found in the news releases dated June 16, 2023, February 6, 2024, and June 24, 2024.
About Imperial
Imperial is a Vancouver-based exploration, mine development and operating company with holdings that include the Mount Polley mine (100%), the Huckleberry mine (100%), and the Red Chris mine (30%). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.
Imperial Contacts
Brian Kynoch | President | 604.669.8959
Darb S. Dhillon | Chief Financial Officer | 604.669.8959
