The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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, respectively. Imperial Metals intends to use the proceeds of the Financing to improve its working capital and for general corporate purposes.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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