Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III,OTC:IPMLF) announces that it has redeemed in full all outstanding senior unsecured non-convertible notes due November 1, 2025 (the “Notes”).
The Company has repaid the principal amount of $34,470,000, together with accrued interest, under the senior unsecured, non-convertible notes issued by the Company on June 30, 2023 and amended June 2024 (the “2023 Notes”). The 2023 bonds had an interest rate of 12.0% per year.
In addition, the Company has repaid the principal amount of $45,000,000, together with accrued interest, under the senior unsecured, non-convertible notes issued by the Company on March 1, 2024 (the “2024 Notes”). The 2024 bonds also had an interest rate of 12.0% per year.
More information about the bonds can be found in the press releases of June 16, 2023, February 6, 2024 and June 24, 2024.
About roof rack
Imperial is a Vancouver-based exploration, mine development and operating company whose assets include the Mount Polley Mine (100%), the Huckleberry Mine (100%) and the Red Chris Mine (30%). Imperial also has a portfolio of 23 greenfield exploration properties in British Columbia.
Imperial contacts
Brian Kynoch | President | 604.669.8959
Darb S. Dhillon | Head of Finance | 604.669.8959
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