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Imperial Metals Corp (III.TO)

III.TO on Toronto Stock Exchange

2.25CAD
15 Dec 2017
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$-0.03 (-1.32%)
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Latest Key Developments (Source: Significant Developments)

Imperial Metals says rights offering to raise upto about C$42.4 mln
Tuesday, 21 Nov 2017 

Nov 20 (Reuters) - Imperial Metals Corp -:Imperial announces rights offering.To conduct rights offering to raise net proceeds of up to approximately C$42.4 million.Issues rights to subscribe for an aggregate of 19.1 million common shares of company at a subscription price of C$2.25 per common share​.  Full Article

Imperial Metals reports Q3 loss per share of C$0.02
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Imperial Metals Corp -:Imperial reports third quarter 2017 financial results.Q3 adjusted loss per share C$0.20.Q3 loss per share C$0.02.Q3 revenue fell 7 percent to C$90.2 million.Q3 earnings per share view C$-0.08 -- Thomson Reuters I/B/E/S.‍Capital expenditures were C$22.2 million in September 2017 quarter, down from C$27.5 million in 2016 comparative quarter.Sees 2017 ‍metal production between 96-102 million pounds copper and 84-92 thousand ounces gold..‍Metal production for 2017 is not expected to meet targets set in July​.  Full Article

IMPERIAL ANNOUNCES DETAILS OF FINANCING PLAN
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Imperial Metals Corp :IMPERIAL ANNOUNCES DETAILS OF FINANCING PLAN.‍IT HAS CONCLUDED ITS DISCUSSIONS WITH ITS SENIOR CREDIT FACILITY AND SECOND LIEN CREDIT FACILITY LENDERS​.SENIOR CREDIT & SECOND LIEN LENDERS AGREED TO PERMANENTLY WAIVE BREACH OF EBITDA COVENANT RELATED TO QUARTER ENDED JUNE 30.SENIOR CREDIT FACILITY AND SECOND LIEN CREDIT FACILITY​ WILL BE EXTENDED TO OCT 1, 2018 AND DEC 1, 2018 RESPECTIVELY.‍BOARD ALSO APPROVED ESTABLISHMENT OF NEW $10 MILLION UNSECURED DEBT FACILITY TO BE PROVIDED BY AN AFFILIATE OF EDWARDS​.‍APPROVED OFFERING FOR HOLDERS OF COMMON SHARES BY ISSUE OF RIGHTS ENTITLING THEM TO SUBSCRIBE FOR ABOUT $40 MILLION OF SHARES​.  Full Article

Northern Empire to acquire Sterling Gold Mine from Imperial Metals
Wednesday, 15 Feb 2017 

Northern Empire Resources Corp - : Northern Empire to acquire Sterling Gold Mine from Imperial Metals . Entered into LOI with Sterling Gold Mining Corp, unit of Imperial Metals Corp to acquire 100% interest in Sterling property . Purchase price for assets will consist of us$10 million cash . Purchase price for assets will also consist of 5 million shares of Northern Empire .In relation to proposed transaction, company will be arranging a bridge financing of convertible debentures.  Full Article

Imperial reports third quarter 2016 production results
Thursday, 13 Oct 2016 

Imperial Metals Corp : Imperial reports third quarter 2016 production results . Says target for 2016 production at mount polley remains at 27-29 million pounds copper and 48-52 thousand ounces gold . Says reports that in q3 of 2016, red chris mine produced 18.71 million pounds copper and 9,655 ounces gold .Imperial metals-base precious metals production for 2016 from red chris mine have been revised to 85-90 million pounds copper and 45-50 thousand ounces gold.  Full Article

Imperial Metals posts Q2 adjusted loss per share C$0.01
Friday, 12 Aug 2016 

Imperial Metals Corp : Imperial reports second quarter 2016 financial results . Q2 loss per share C$0.05 . Q2 adjusted loss per share C$0.01 . Q2 revenue C$116.2 million versus C$1.7 million .Q2 earnings per share view C$0.14 -- Thomson Reuters I/B/E/S.  Full Article

Imperial Metals qtrly total revenues $136.8 million vs $1.5 million
Friday, 13 May 2016 

Imperial Metals Corp : Qtrly total revenues $136.8 million versus $1.5 million . Base and precious metals production targeted for 2016 from Red Chris mine is 90-100 mln pounds copper and 60-70 thousand ounces gold .Qtrly diluted income per share $0.22.  Full Article

Imperial Metals says extends maturity dates, amends credit facilities
Thursday, 12 May 2016 

Imperial Metals Corp - : Imperial extends maturity dates and amends senior and second lien credit facilities . Has extended maturity date of senior secured revolving credit facility from October 1, 2016 to march 15, 2018 . Says amount of facility has not changed and remains at $200 million .Extended maturity date of second lien secured revolving credit facility from April 1, 2017 to August 15, 2018.  Full Article

BRIEF-Imperial Metals says rights offering to raise upto about C$42.4 mln

* To conduct rights offering to raise net proceeds of up to approximately C$42.4 million