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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

Bullboard Posts
Comment by VOKBLVRon Nov 02, 2017 9:59pm
95 Views
Post# 26898352

RE:RE:RE:RE:RE:RE:RE:RE:Scotia view of recent financing

RE:RE:RE:RE:RE:RE:RE:RE:Scotia view of recent financingIn reading between the lines I believe that the banks (the senior lenders) have no real choice but to work with iII to do whatever is necessary to allow all of the Imperial Metals properties to operate as that is the only way they will ever get their money back with any interest. ME has sufficient wealth to replace the banks if he wants to and if he was going to do that then he would give the banks a lot less than they would get by extending the terms.
Bullboard Posts