Imperial Metals Corp

Published : November 14th, 2014

Imperial Announces Normal Course Issuer Bid

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Commodities | Copper | Gold | Gold Mine | Lead | Market | Recovery | Zinc |

Imperial Announces Normal Course Issuer Bid

October 16, 2014
Imperial Announces Normal Course Issuer Bid
Vancouver -- October 16, 2014 | Imperial Metals Corporation (III-TSX) -- Imperial announces that the Toronto Stock Exchange (the "TSX") has accepted the Company's Notice of Intention to make a Normal Course Issuer Bid (the "Bid") to be transacted through the facilities of the TSX or alternative Canadian market places.

Pursuant to the Bid, the Company may purchase up to 2,024,130 common shares, which represents 2.7% of the total 74,967,768 common shares of the Company issued and outstanding as of October 3, 2014. Purchases will be made, at the discretion of the Company at prevailing market prices, commencing October 20, 2014 and ending no later than October 19, 2015. Pursuant to TSX policies, daily purchases made by the Company will not exceed 27,484 common shares or 25% of the Company's average daily trading volume of 109,939 common shares on the TSX, subject to certain prescribed exceptions. The shares acquired under the Bid will either be cancelled or used to satisfy the Company's obligations under its Non-Management Directors' Plan and Share Purchase Plan (the "Plans"). The funding for any purchase pursuant to the Bid will be financed out of the working capital of the Company.

The Board of Directors believes the underlying value of the Company may not be reflected in the current market price of its common shares, and the Board has determined that the Bid is in the best interest of the Company and its shareholders. In the previous 12 months, the Company has repurchased 53,100 of its outstanding common shares at the average price per share of $13.23. The common shares have or will be allocated to satisfy the Company's obligations under the Plans.

A copy of the Company's Notice filed with the TSX may be obtained, by any shareholder without charge, by contacting the Company's Chief Financial Officer.

---

About Imperial

Imperial is an exploration, mine development and operating company based in Vancouver, British Columbia. The Company operates the Mount Polley copper/gold mine in British Columbia and the Sterling gold mine in Nevada. Imperial has 50% interest in the Huckleberry copper mine and has 50% interest in the Ruddock Creek lead/zinc property, both in British Columbia. Imperial is in development of its wholly owned Red Chris copper/gold property in British Columbia.

Imperial Contact Information

Brian Kynoch | President | 604.669.8959
Andre Deepwell | Chief Financial Officer | 604.488.2666
Sabine Goetz | Shareholder Communications | 604.488.2657 | [email protected]

Cautionary Note Regarding "Forward-Looking Information"

This press release contains "forward-looking information" or "forward-looking statements" within the meaning of Canadian and United States Securities Laws, which we will refer to as "forward-looking information". Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking information. If we discuss mine plans; costs and timing of current and proposed exploration, development, production and marketing; capital expenditures; construction of transmission lines; cash flow; working capital requirements and the requirement for additional capital; operations; revenue; margins and earnings; future prices of copper and gold; future foreign currency exchange rates; future accounting changes; future prices for marketable securities; future resolution of contingent liabilities; receipt of permits; or other matters that have not yet occurred, we are making statements considered to be forward-looking information or forward-looking statements under Canadian and United States Securities Laws.
The forward-looking information in this press release may include words and phrases about the future, such as: plan, expect, forecast, intend, anticipate, estimate, budget, scheduled, believe, may, could, would, might or will. We can give no assurance the forward-looking information will prove to be accurate. It is based on a number of assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company's mining operations, no material adverse change in the market price of commodities or exchange rates, that the mining operations will operate and the mining projects will be completed in accordance with their estimates and achieve stated production outcomes and such other assumptions and factors as set out herein. It is also subject to risks associated with our business, including but not limited to: risks inherent in the mining and metals business; commodity price fluctuations and hedging; competition for mining properties; sale of products and future market access; mineral reserves and recovery estimates; currency fluctuations; interest rate risks; financing risks; regulatory and permitting risks; environmental risks; joint venture risks; foreign activity risks; legal proceedings; and other risks that are set out in the Company's current Management's Discussion & Analysis. If our assumptions prove to be incorrect or risks materialize, our actual results and events may vary materially from what we currently expect as provided in this press release. We recommend review of the Company's current Management's Discussion & Analysis, which includes discussion of material risks that could cause actual results to differ materially from our current expectations. Forward-looking information is designed to help you understand management's current views of our near and longer term prospects, and it may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.

You can view the Next 2014 item: Wed Oct 22, 2014, Mount Polley Remediation Update

You can view the Previous 2014 item: Wed Sep 3, 2014, Imperial Completes $115 Million Non-Brokered Private Placement of Convertible Debentures

Third Party Links
Imperial Metals Corporation has provided links from this web site to several other web sites which are arms-length to the Company. The viewer should be aware that in linking to these outside web sites, they are leaving the Imperial Metals Corporation web site and that Imperial Metals Corporation is not responsible for the content of any other site.

Read the rest of the article at www.noodls.com

Imperial Metals Corp

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 producing zinc and lead 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 CA$ 249.9 millions as of today (US$ 185.5 millions, € 165.8 millions).

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

Imperial has 93 590 000 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 Imperial Metals Corp
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 Imperial Metals Corp
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 Imperial Metals Corp
2008 Annual Report
2007 Annual Report
Financings of Imperial Metals Corp
8/1/2017Closes Bridge Loan Financing
5/28/2007Exercise of Warrants of Imperial Metals Corporation
Nominations of Imperial Metals Corp
6/3/2013Reports on Voting Results for the Election of Directors
Financials of Imperial Metals Corp
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 Imperial Metals Corp
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 Imperial Metals Corp
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)
2.67-4.64%2.13+2.16%
TORONTO
CA$ 2.67
07/18 16:53 -0.130
-4.64%
Prev close Open
2.80 2.80
Low High
2.57 2.82
Year l/h YTD var.
1.60 -  3.45 72.26%
52 week l/h 52 week var.
0.990 -  3.45 61.82%
Volume 1 month var.
23,551 6.37%
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
201984.14%1.821.54
2018-57.23%3.400.93
2017-44.06%7.892.19
2016-9.01%8.503.46
2015-30.91%9.9810.09
 
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$ 6.86-0.87%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 4.22+3.69%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.42+2.11%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.03+20.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 1.98+6.45%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 1.38+0.59%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+33.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.67-4.64%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.33+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.91-1.99%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.06-8.33%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.14-6.45%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 ...
CA$ 1.78-6.32%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 25.70-0.89%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$ 0.08+0.00%Trend Power :