Imperial raises $65M

Imperial Metals Corp., owner of the Red Chris and Mount Polley copper-gold mines in British Columbia, Dec. 30 closed a C$65 million private placement financing. The financing involved the issuance of 11,818,182 shares at C$5.50 each. N. Murray Edwards and The Fairholme Partnership, already a significant shareholder of Imperial Metals, purchased C$30 million and C$13.1 million of the financing, res...