Imperial Metals Corp T.III

Alternate Symbol(s): IPMLF

Imperial Metals Corporation is a Canada-based exploration, mine development and operating company. The Company’s holdings include the Mount Polley mine (100%), the Huckleberry mine (100%), the Red Chris mine (30%). The Company also holds a portfolio of about 23 greenfield exploration properties in British Columbia. The Mount Polley copper/gold mine in south-central British Columbia is owned 100% by Mount Polley Mining Corporation, a wholly owned subsidiary of the Company. The property encompasses about 24,096 hectares (ha) consisting of seven mining leases and 52 mineral claims. The Huckleberry copper mine in west-central British Columbia is 100% owned by Huckleberry Mines Ltd., a wholly owned subsidiary of the Company. The property encompasses about 25,767 ha, consisting of two mining leases and 49 mineral claims. Red Chris Development Company Ltd., a subsidiary of the Company, owns a 30% beneficial interest in the Red Chris copper/gold mine in northwest British Columbia.

TSX:III - Post by User

Imperial Metals Corp

Bullboard Posts

Post by teeveeon Jul 15, 2015 12:52pm

142 Views

Post# 23926622

rights put pressure on shorts.....

the short position is only 762,903 as of end of june, however, III is very thinly traded, so when the rights issue is announced, it is likely the shorts will be bought in as those who lent the stock will probably want to exercise their rights.....in other words, once the rights offering proceeds, the stock could see a short squeeze run up......