Imperial Metals to privately place up to $35 million debentures

Chicago, June 16 – Imperial Metals Corp. intends to privately place up to $35 million of 12% debentures due July 1, 2024 on a non-brokered private placement basis, according to a press release.

N. Murray Edwards has agreed to purchase up to $21 million of the debentures. Directors and officers of the company have agreed to purchase up to $1.2 million of the series, with the participation considered a “related party transaction.

Imperial Metals is an exploration, mine development and operating company based in Vancouver, B.C.

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