Mining News: Northern Neighbors: Imperial raises $65M - January 08, 2017

Providing coverage of Alaska and Northwest Canada's mineral industryJanuary 2017

Vol. 22, No. 2

Week of January 08, 2017

Mining News: Northern Neighbors: Imperial raises $65M

Imperial Metals Corp., owner of the Red Chris and Mount Polley copper-gold mines in British Columbia, Dec. 30 closed a C$65 million private placement financing. The financing involved the issuance of 11,818,182 shares at C$5.50 each. N. Murray Edwards and The Fairholme Partnership, already a significant shareholder of Imperial Metals, purchased C$30 million and C$13.1 million of the financing, respectively. Imperial Metals intends to use the proceeds of the Financing to improve its working capital and for general corporate purposes.

-Shane Lasley

Mining News North - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.miningnewsnorth.com ---
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