Mr. Brian Kynoch reports
IMPERIAL EXTENDS CREDIT FACILITIES
Imperial Metals Corp. 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 March 7, 2019, to March 15, 2019.
The second-lien credit facility maturity date has been extended from March 11, 2019, to March 15, 2019.
The bridge loan maturity date has been extended from March 13, 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 Sept. 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-per-cent interest in the Ruddock Creek lead/zinc property.
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