In the same category

VanEck Vectors Global Alternative Energy ETF

Published : August 01st, 2017

Closes Bridge Loan Financing

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

View this email in a browser | Forward this email to a friend

a British Columbia explorer, developer and mining operator
Press Release
July 31, 2017
Imperial Closes Bridge Loan Financing

Vancouver – July 31, 2017 | Imperial Metals Corporation (the “Company”) (III-TSX) reports that it has closed a $20 million bridge loan financing (“Bridge Loan”) with affiliates of its two major shareholders, Edco Capital Corporation, controlled by N. Murray Edwards and The Fairholme Partnership, LP, a private fund advised by Fairholme Capital Management, L.L.C., each of which has provided $10 million of the Bridge Loan.

The Bridge Loan is secured by all assets of the Company, and is subordinated to the Senior Credit Facility and Second Lien Credit Facility lenders. Interest on the Bridge Loan is payable monthly commencing on August 31, 2017 at the rate of 8% per annum. The Bridge Loan matures on the earlier of October 15, 2017 or the date the Company secures additional financing.

The Bridge Loan proceeds will be used for general working capital purposes and to support ongoing operations.

The Bridge Loan is a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. The Company did not file a material change report 21 days prior to the closing of the Bridge Loan because details were not settled until shortly prior to closing and the Company wished to complete the Bridge Loan as soon as possible.

For additional information, refer to the Company’s news release issued on July 6, 2017.

�-

About Imperial
Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns the Red Chris, Mount Polley and Huckleberry copper mines in British Columbia. Imperial also holds a 50% interest in the Ruddock Creek lead|zinc property in British Columbia.

Imperial Contact Information
Brian Kynoch | President | 604.669.8959
Andre Deepwell | Chief Financial Officer | 604.488.2666
Gord Keevil | Vice President Corporate Development | 604.488.2677
Steve Robertson | Vice President Corporate Affairs | 604.488.2669
Sabine Goetz | Shareholder Communications | 604.488.2657 | investor@imperialmetals.com

Forward-Looking Information and Risks Notice

Forward-looking statements relate to future events or future performance and reflect Company management�s expectations or beliefs regarding future events and include, but are not limited to, specific statements regarding the Company’s intention to use the Bank Loan proceeds for general working capital purposes and to support ongoing operations; and the Company’s plans to secure additional financing. In certain cases, forward-looking statements can be identified by the use of words such as �plans�, �expects� or �does not expect�, �is expected�, �outlook�, �budget�, �scheduled�, �estimates�, �forecasts�, �intends�, �anticipates� or �does not anticipate�, or �believes�, or variations of such words and phrases or statements that certain actions, events or results �may�, �could�, �would�, �might� or �will be taken�, �occur� or �be achieved� or the negative of these terms or comparable terminology. In this document certain forward-looking statements are identified by words including �guidance�, �expectations�, �targeted�, �plan�, �planned�, �estimated�, �calls for� and �expected�. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risk factors detailed from time to time in the Company�s interim and annual financial statements and management�s discussion and analysis of those statements, all of which are filed and available for review on sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.


Imperial Metals Corporation 580 Hornby Street Suite 200 Vancouver, BC V6C 3B6 Canada



Email Marketing Powered by MailChimp

VanEck Vectors Global Alternative Energy ETF

PRODUCER
CODE : III.TO
ISIN : CA4528921022
CUSIP : 452892102
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Imperial is a zinc and lead producing company based in Canada.

Imperial produces zinc, lead, copper, diamonds, gold, molybdenum and silver in Canada, develops copper and gold in Canada, and holds various exploration projects in Canada.

Its main assets in production are HUCKLEBERRY, MOUNT POLLEY, PORCHER ISLAND and STERLING in Canada, its main asset in development is RED CHRIS in Canada and its main exploration properties are BEAR, NAK, SHERATON-TIMMINS, ROBB LAKE, LJ, KNEB, GHOST PROPERTY, INDATA, WASI CREEK, GIANT COPPER, RUDDOCK CREEK, CATFACE, BALDWIN-MCVICAR, THE CENTURY and FANDORA in Canada.

Imperial is listed in Canada and in United States of America. Its market capitalisation is 105.8 millions as of today (US$ 77.9 millions, € 70.6 millions).

Its stock quote reached its lowest recent point on November 29, 2002 at 0.15, and its highest recent level on July 17, 2015 at 9.98.

Imperial has 47 442 200 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of VanEck Vectors Global Alternative Energy ETF
1/22/2010Red Chris: Green Light for Development
9/30/2009Northwest Transmission Line Moves Ahead; Red Chris Site Visi...
In the News and Medias of VanEck Vectors Global Alternative Energy ETF
1/10/2019Imperial Metals suspends operations at Mount Polley mine
12/15/2018Imperial Metals hires BMO to speed up restructuring — source...
8/2/2018Imperial testing driverless oilsands haulers at Kearl
8/4/2017BC won't charge Imperial Metals for Mount Polley dam breach
11/8/2010Fed Debases the Imperial Dollar, Inflation, Stagnation and H...
Annual reports of VanEck Vectors Global Alternative Energy ETF
2008 Annual Report
2007 Annual Report
Financings of VanEck Vectors Global Alternative Energy ETF
8/1/2017Closes Bridge Loan Financing
5/28/2007Exercise of Warrants of Imperial Metals Corporation
Nominations of VanEck Vectors Global Alternative Energy ETF
6/3/2013Reports on Voting Results for the Election of Directors
Financials of VanEck Vectors Global Alternative Energy ETF
11/13/2015Reports 2015 Third Quarter Financial Results
8/14/2015Reports 2015 Second Quarter Financial Results
3/31/2015Reports 2014 Financial Results
8/15/2014Reports 2014 Second Quarter Financial Results and Financing
11/14/2013Reports 2013 Third Quarter Financial Results
8/15/2013Reports 2013 Second Quarter Financial Results
5/15/2013Reports 2013 First Quarter Financial Results
3/29/2013Reports 2012 Financial Results
11/9/2012Reports 2012 Third Quarter Financial Results
8/7/2012Reports 2012 Second Quarter Financial Results
5/11/2012Reports 2012 First Quarter Financial Results
3/30/2012Reports 2011 Financial Results
8/16/2011CORRECTION FROM SOURCE: Imperial Reports 2011 Second Quarter...
8/15/2011Reports 2011 Second Quarter Financial Results
3/22/2011Reports on 2010 Production and Update on Exploration
8/13/2010Reports 2010 Second Quarter Financial Results
5/12/2010Reports 2010 First Quarter Financial Results
4/1/2010Reports 2009 Financial Results
11/13/20092009 Third Quarter Financial Results
8/14/2009Reports 2009 Second Quarter Financial Results
11/7/2008Reports 2008 Third Quarter Financial Results
8/8/2008Reports 2008 Second Quarter Financial Results
5/12/2008Reports 2008 First Quarter Financial Results
3/20/2008 Reports 2007 Financial Results
11/14/2007 Reports Results for the Third Quarter 2007
8/14/2007Reports Results for the Second Quarter 2007
Project news of VanEck Vectors Global Alternative Energy ETF
1/30/2015Canada investigation finds flawed design led to mine dam spi...
2/6/2013(Mount Polley)Reports on Mount Polley Exploration Results from Springer Zo...
1/23/2013CORRECTION FROM SOURCE: Imperial Reports Production for 2012...
11/2/2012(Red Chris)oration: Red Chris Project Update
8/22/2012(Mount Polley)oration: Mount Polley Exploration Expands Springer Zone
5/7/2012(Red Chris)Red Chris Project Receives Mine Permit
3/14/2012(Ruddock Creek)oration: Ruddock Creek Resource Tonnage Increased; JV Partne...
2/27/2012Reports Production for 2011 and Forecast for 2012
1/26/2012(Ruddock Creek)oration: Surface Diamond Drilling Continues to Expand the Ru...
1/3/2012(Huckleberry)oration: Huckleberry Mine Expansion Approved
10/25/2011oration: Underground Diamond Drilling Continues to Expand th...
6/14/2011Completes Acquisition of Minority Interests in American Bull...
5/12/2011(Mount Polley)Reports Mount Polley Exploration Results
3/15/2011(Red Chris)2011 TECHNICAL REPORT on the RED CHRIS COPPER-GOLD PROJECT
3/15/2011(Red Chris)Reports Red Chris Technical Report Filed
2/24/2011(Red Chris) Northwest Transmission Line to Power Red Chris
8/17/2010(Huckleberry)Reports Huckleberry Mine Operations Temporarily Suspended as...
8/5/2010(Red Chris)Red Chris Exploration Program Continues to Expand Deep Depos...
7/22/2010(Mount Polley)Mount Polley Expands WX Discovery Zone and Initiates Undergr...
5/17/2010(Mount Polley)Mount Polley Update on Mineral Reserve/Resource Estimates an...
5/11/2010(Huckleberry)Huckleberry Updates Mineral Reserve and Mineral Resource Est...
5/3/2010(Red Chris)Red Chris Mineral Resource Increased and Metallurgy Improved
4/13/2010(Red Chris)Red Chris Drilling Continues to Yield Long Intercepts of Co
1/19/2010(Red Chris)Reports Results from Deep East Zone at Red Chris
1/19/2010(Mount Polley)Discovers Mineralization Near Springer Pit at Mount Polley
1/14/2010! 6 Cent Jr. Acquires Huge Land Position Near High Profile I...
12/11/2009(Red Chris)Reports Results from Deep East Zone at Red Chris
11/10/2009(Red Chris)Red Chris Drill Hole Returns 4.12% Copper and 8.83 g/t Gold ...
11/1/2009Red Chris Drilling Intersects Spectacular Mineralization
8/11/2009(Mount Polley)Update on Mount Polley Exploration
6/30/2009(Huckleberry)Huckleberry Extends Mine Life
3/2/2009(Mount Polley)Reports High Grade Results From Three Zones at Mount Polley
2/19/2009(Red Chris)Reports Red Chris 2008 Drill Results
7/30/2008(Sterling)Reports Sterling Underground Drill Results
7/10/2008(Mount Polley)oration: Mount Polley Mine Sets Production Record and Report...
5/21/2008(Sterling)Reports Further Expansion of 144 Zone at Sterling
3/13/2008(Sterling) Reports Extension of 144 Zone at its Sterling Property
2/19/2008(Mount Polley)Employees at Mount Polley Mine Ratify Extension to Collectiv...
1/25/2008(Bear) Intercepts Demonstrate Continuity of Mineralization at Impe...
1/21/2008(Sterling)Higher Grade Gold Zone Discovered at Imperial's Sterling Pro...
12/11/2007(Red Chris)Deep Drilling at Red Chris Confirms Expansion of Mineralized...
7/3/2007(Mount Polley) Intersects 1.12% Copper Equivalent Over 400 Metres at Mount...
5/14/2007Ramping Into 144 Zone and Continues Exploration Across Expan...
Corporate news of VanEck Vectors Global Alternative Energy ETF
7/15/2016Imperial Reports Second Quarter 2016 Production Results
6/23/2016Mount Polley Mine Receives Authorization for Return to Norma...
5/30/2016Imperial Announces Voting Results for the Election of Direct...
5/27/2016Imperial Files Mount Polley Mine Technical Report
5/13/2016Imperial Reports First Quarter 2016 Financial Results
5/12/2016Imperial Extends Maturity Dates and Amends Senior and Second...
4/6/2016Imperial Reports Huckleberry Mines Ltd. Updates Plans for Op...
1/20/2016Imperial Reports 2015 Production
1/6/2016Imperial Reports Huckleberry Mine Suspends Pit Operations
12/19/2015Imperial Comments on the Chief Inspector of Mines' Investiga...
12/19/2015Imperial Comments on the Chief Inspector of Mines’ Investiga...
10/16/2015Imperial Announces Normal Course Issuer Bid
10/14/2015Imperial Announces Third Quarter Production Results
8/25/2015Imperial Closes $30 Million Convertible Debenture Private Pl...
8/22/2015Imperial Closes Fully Subscribed Rights Offering
8/11/2015Imperial Closes $6 Million Private Placement Share Financing
8/7/2015Imperial Announces Passing of Executive Officer
7/21/2015Imperial Files Final Rights Offering Circular and Provides P...
7/9/2015Imperial Reports Receipt of Permit Amendments to Recommence ...
6/24/2015Imperial Reports Extension of Completion Test Date Under Sen...
3/31/2015Imperial Reports 2014 Financial Results
3/3/2015Red Chris Mine Begins Trucking Concentrate
3/3/2015Imperial Metals Corporation: Red Chris Mine Begins Trucking ...
2/18/2015First Production of Copper Concentrate at Red Chris Mine
2/18/2015Imperial Metals Corporation: First Production of Copper Conc...
2/6/2015Imperial Initiates Testing of the Grinding Circuit at the Re...
2/6/2015Imperial Initiates Testing of the Grinding Circuit at the Re...
2/4/2015Canada Stocks to Watch: TMX Group, Newalta, Intact, Imperial...
2/4/2015Imperial Metals Provides Update
1/31/2015Report by the Mount Polley Independent Expert Engineering In...
1/31/2015Imperial Metals Corporation: Report by the Mount Polley Inde...
1/30/2015Engineering probe finds flawed design caused Canada tailing ...
1/26/2015Imperial Reports 2014 Production
1/26/2015Imperial Reports 2014 Production
1/19/2015Imperial Announces New $50 Million Credit Facility
1/19/2015Imperial Announces New $50 Million Credit Facility
12/19/2014Imperial Announces Sale and Transfer of Iskut extension of t...
12/19/2014Imperial Announces Sale and Transfer of Iskut Extension of t...
11/15/2014Imperial Reports 2014 Third Quarter Financial Results
11/14/2014Imperial Announces Normal Course Issuer Bid
10/29/2014Fairholme Fund's Three Recent Portfolio Changes
10/22/2014Imperial Metals Corporation: Mount Polley Remediation Update
10/16/2014Imperial Announces Normal Course Issuer Bid
2/21/2014Reports Increase in Line of Credit Facility
11/8/2013Reports Increase in Line of Credit Facility
9/11/2013Reports Maturity Date of Credit Facilities Extended
6/6/2013(Red Chris)Reports on Red Chris Project Financing Update
3/22/2013Announces Agreement with BC Hydro to Extend the Northwest Tr...
1/7/2013(Mount Polley)Underground Drilling at Mount Polley Boundary Zone Intersect...
11/5/2012(Ruddock Creek)oration: Ruddock Creek Update V Zone Expanded
10/10/2012Announces Normal Course Issuer Bid
5/29/2012(Mount Polley)oration: Mount Polley Update on Mineral Resource Estimate an...
2/15/2012(Red Chris)Files Red Chris Technical Report
2/2/2012(Red Chris)oration: Red Chris Mineral Resource Tonnage Increased by 103...
12/8/2011(Red Chris)oration: Deep Drilling at Red Chris Intersects Mineralizatio...
11/28/2011Announces Two-for-One Stock Split
9/26/2011Announces Normal Course Issuer Bid
8/23/2011(Mount Polley)Reports Mount Polley Mine Underground Drilling Intersects 35...
6/16/2011oration: Early Warning Report Issued Pursuant to National In...
6/10/2011American Bullion Shareholders Approve Plan of Arrangement
5/13/2011and American Bullion Report on Status of Arrangement
4/15/2011and American Bullion Enter into Settlement Agreement
3/29/2011and American Bullion Update on Status of Arrangement
2/5/2011and American Bullion Minerals Ltd=2E: Agreement to Purchase ...
1/24/2011Proud to be British Columbia's Top Mineral Explorer in 2010
7/12/2010Ruddock Creek Project-Memorandum of Understanding Completed
3/25/2010Comments on Market Activity
3/11/2010Reports Cdn$14 Million Unsecured Convertible Debentures Conv...
11/5/2009& Selkirk Complete Business Combination
9/17/2009Announce Investment
9/15/2009Arrangement Agreement with Selkirk Metals Corp=2E Signed
7/27/2009Combination
12/19/2008Supreme Court of Canada Grants Application for Leave to Appe...
11/25/2008Reports Layoff Notices at Mount Polley
9/19/2008Announces Normal Course Issuer Bid
9/16/2008oration: Red Chris Federal Court Ruling Appealed
6/16/2008Reports the Federal Court of Appeal Reverses Lower Court Rul...
3/20/2008 Update on Mount Polley Exploration
2/26/2008Completes $30 Million Working Capital Facility
2/5/2008Increases Working Capital Facility to $30 Million
1/29/2008Arranges $25 Million Working Capital Facility
10/31/2007Appeal Filed in Federal Court Ruling Regarding Imperial's Re...
10/16/2007Over One Kilometre Grading 1.01% Copper and 1.26 g/t Gold In...
9/26/2007Reports on Federal Court Ruling Regarding the Red Chris Proj...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (III.TO)Other OTC (IPMLF)
2.23-0.89%1.67+0.00%
TORONTO
CA$ 2.23
10/04 16:42 -0.020
-0.89%
Prev close Open
2.25 2.25
Low High
2.20 2.30
Year l/h YTD var.
1.97 -  2.69 4.21%
52 week l/h 52 week var.
1.87 -  2.69 4.69%
Volume 1 month var.
20,700 8.25%
24hGold TrendPower© : -9
Produces Copper - Diamonds - Gold - Molybdenum
Develops Copper - Gold
Explores for Copper - Diamonds - Gold - Lead - Molybdenum - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/13/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20242.29%2.732.00
202320.44%2.851.70
2022-41.80%4.251.60
2021-39.02%6.252.95
2020155.00%5.120.99
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.28+1.75%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.33+0.43%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+3.28%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.23-0.89%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 14.42+3.30%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.32+1.59%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.21+5.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.11+5.50%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 42.42+1.51%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.