Imperial Metals Announces Redemption of Convertible Debentures

Author: Dominic Sanders Updated: 07-14-2025 07:45 PM

Imperial Metals to Redeem Convertible Debentures

Imperial Metals Corporation, a prominent exploration and mining company located in Vancouver, has made a significant announcement regarding its Senior Unsecured Convertible Debentures. The company plans to redeem all outstanding debentures, totaling $47 million in principal amount, which are due on August 30, 2027. The redemption is scheduled for August 18, 2025.

Details of the Redemption

The decision to redeem these convertible debentures at par highlights Imperial's commitment to its financial strategies and operational goals. Holders of the debentures have been notified of this decision and will receive 100% of their principal amounts, along with any accrued interest up to the redemption date. This process will ensure that the company maintains a strong balance sheet as it progresses in its operational endeavors.

Conversion Rights Remain with Holders

Until five business days before the redemption date, debenture holders have the opportunity to convert their debentures into common shares of Imperial. The conversion price is set at $3.20 per share, providing an avenue for investors to participate in the equity of the company if they choose. Shares obtained through this conversion will be issued on the redemption date in place of cash redemption.

Company Overview

Imperial is fully engaged in the exploration, development, and operation of mines in British Columbia. Their notable properties include the Mount Polley mine and the Huckleberry mine, both of which they wholly own, as well as a 30% interest in the Red Chris mine. Additionally, they have a diverse portfolio of 23 greenfield exploration sites, positioning them well for future growth in the mining sector.

Company Contacts

For any inquiries or additional information, please reach out to:
Brian Kynoch | President | 604.669.8959
Darb S. Dhillon | Chief Financial Officer | 604.669.8959

Frequently Asked Questions

What are the key details of the redemption of the debentures?

Imperial Metals Corporation is set to redeem $47 million of its Senior Unsecured Convertible Debentures at par on August 18, 2025, together with accrued interest.

What options do debenture holders have prior to redemption?

Holders can opt to convert their debentures into common shares at a conversion price of $3.20 per share until five business days before the redemption date.

What is the significance of this redemption for Imperial Metals?

This redemption strategy reflects Imperial's efforts to fortify its financial position and strategic operations as it undertakes mining projects in British Columbia.

What operations does Imperial Metals currently have?

Imperial operates the Mount Polley mine and Huckleberry mine entirely and holds a significant stake in the Red Chris mine, alongside other exploration properties.

How can investors contact Imperial Metals for more information?

Investors can reach out to Brian Kynoch or Darb S. Dhillon at 604.669.8959 for inquiries regarding the redemption or other company-related matters.

About The Author

Dominic Sanders here, a writer and financial specialist committed to helping my readers understand the world of finance. Having a strong financial background and a lot of experience, I concentrate on using my blog posts and articles to translate difficult financial subjects into understandable, doable advice. My goal in writing is to arm you with the information and skills need to make wise financial choices.

Writing for several financial blogs has let me interact with a wide range of readers, from novice investors seeking new perspectives to seasoned investors. My mission is to make money understandable and approachable so you may confidently take charge of your financial future. I appreciate you walking this road with me to success and financial literacy.

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