Imperial Extends Credit Facilities
Vancouver | February 15, 2019 | Imperial Metals Corporation (the “Company”) (TSX:III) announces that it has obtained extensions regarding the maturity date of a number of its credit facilities as follows:
- The Senior Credit Facility maturity date has been extended from February 15, 2019 to March 7, 2019.
- The Second Lien Credit Facility maturity date has been extended from February 15, 2019 to March 11, 2019.
- The Bridge Loan maturity date has been extended from February 28, 2019 to March 13, 2019.
- The Junior Credit Facility maturity date has been extended from March 12, 2019 to March 15, 2019.
These maturity date extensions will provide additional time to enable the Special Committee to further advance its progress under the business restructuring process announced on September 17, 2018.
Imperial is a Vancouver exploration, mine development and operating company. The Company, through its subsidiaries, owns the Red Chris, Mount Polley and Huckleberry copper mines in British Columbia. Imperial also holds a 50% interest in the Ruddock Creek lead/zinc property.
Brian Kynoch | President | 604.669.8959
Andre Deepwell | Chief Financial Officer | 604.488.2666
Sabine Goetz | Shareholder Communications | 604.488.2657 | email@example.com