Business
Conversion of Senior Unsecured Convertible Debentures Due August 30, 2027
VANCOUVER, British Columbia, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Imperial Metals Corporation ...
About this update from Imperial Metals Corporation
[{"type":"text","content":"Conversion of Senior Unsecured Convertible Debentures Due August 30, 2027\n\n\n\n VANCOUVER, British Columbia, Aug. 18, 2025 (GLOBE NEWSWIRE) --\n \n Imperial\n \n\n Metals Corporation (the “Company” or “Imperial”)\n \n\n (TSX:III)\n \n announces that all outstanding Senior Unsecured Convertible Debentures (the “\n \n Debentures\n \n ”) due August 30, 2027 will be converted into common shares of the Company (“\n \n Debenture\n \n\n Shares\n \n ”), with 100% of the holders of the Debentures (the “\n \n Holders\n \n ”) electing to exercise their conversion rights prior to the conversion notice deadline (the “\n \n Conversion\n \n ”). As a result, no cash redemption will be made on August 18, 2025 (the “\n \n Redemption Date\n \n ”). The 14,687,500 Debenture Shares issuable upon conversion will be delivered to the Holders on the Redemption Date in lieu of the redemption price.\n \n\n As previously announced in the News Release dated July 14, 2025, the Company intended to redeem at par on the Redemption Date all of its outstanding $47,000,000 principal amount of the Debentures. The Company issued redemption notices to the Holders that it wished to exercise its right to redeem the Debentures on the Redemption Date. Within five business days prior to the Redemption Date, each Holder exercised the right to convert their Debenture into Debenture Shares in accordance with the terms of the Debentures.\n \n\n The securities being issued pursuant to the Conversion have not been, nor will they be registered under the United States Securities Act of 1933, as amended, (the “\n \n U.S. Securities Act\n \n ”), or under the applicable securities laws of any state in the United States (as defined in Regulation S under the U.S. Securities Act) and may not be offered or sold within the United States absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. All securities issued in connection with the Conversion are subject to such restrictions as may apply under applicable securities laws of jurisdictions outside Canada. This release does not constitute an offer for sale of securities in the United States.\n \n\n\n Shareholdings of N. Murray Edwards\n \n\n\n Prior to the issuance of the ...