Imperial Metals Corporation

Imperial Metals Corporation

February 26, 2008 16:28 ET

Imperial Completes $30 Million Working Capital Facility

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2008) - Imperial Metals Corporation (TSX:III) reports the closing of the $30 million working capital facility previously announced on January 28, 2008 and February 4, 2008 with one revision. At the request of regulatory authorities, the term of the facility was extended from December 31, 2008 to February 15, 2009. All other terms of the facility remain unchanged.

This facility was largely entered into with insiders and therefore the Company is required to disclose that closing of this transaction occurred less than 21 days after the filing date of the Company's original material change report in connection with this transaction for reason that all preconditions to closing had been met before the 21 day period.

Contact Information

  • Imperial Metals Corporation
    Brian Kynoch
    (604) 669-8959
    (604) 687-4030 (FAX)
    Imperial Metals Corporation
    Andre Deepwell
    Chief Financial Officer
    (604) 488-2666
    Imperial Metals Corporation
    Sabine Goetz
    Investor Relations
    (604) 488-2657