MONTREAL, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has closed today a non-brokered private placement ("Offering") of 2,000,000 shares on a "flow-through" basis at a price of $0.15 per share (each, a "Share") for gross proceeds of $300,000.
"I am very thankful of the continued financial support we have received from WCPD to advance the development of the Crater Lake scandium-rare earth project," said Imperial President & CEO, Peter Cashin. "This financing added important, new high-net worth international investors into the Imperial Mining fold. I believe that our successful financings and continued application for Quebec and Canadian Government-sponsored R&D grants shows recognition of the potential that scandium has as a significant Canadian industrial development."
The Corporation will use the proceeds of the Offering to complete exploration drilling on the Southern Lobe of the Corporation's Crater Lake scandium-rare earth zone above the -100 m vertical level of the TG Zone and to complete process flow sheet optimization and other corporate purposes.
The Shares were issued as part of a charity flow-through arrangement. No commission or finders' fee was paid by the Corporation in connection with this Offering. The Offering is between arm's length parties and all securities issued pursuant to the Offering are subject to the applicable statutory hold period of four months and one day from the closing. The Offering is subject to the final approval of the TSX Venture Exchange.
ABOUT IMPERIAL MINING GROUP LTD.
Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as "IPG" and on the OTCQB Exchange as "IMPNF" and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.
| Website: | Twitter: @imperial_mining | Facebook: Imperial Mining Group |
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT: For further information please contact: Peter J. Cashin President and Chief Executive Officer Phone: +1 (514) 360-0571 Email: info@imperialmgp.com
蒙特利尔，2022年12月29日(环球通讯社)--帝国矿业集团有限公司。(《帝国》)(多伦多证券交易所创业板：IPG；OTCQB：IMPNF)欣然宣布，已于今日完成一项非经纪私募(“供奉)以“传递”方式出售2,000,000股，每股价格为0.15美元。分享“)所得款项总额为300000美元。
帝国能源首席执行官总裁兼首席执行官彼得·卡申表示：“我非常感谢WCPD为推进陨石湖钪稀土项目的发展而提供的持续资金支持。”这笔融资为帝国矿业公司增加了重要的、新的高净值国际投资者。我相信，我们的成功融资以及对魁北克和加拿大政府资助的研发赠款的持续申请表明，我们认识到Scum作为加拿大重要的工业发展所具有的潜力。
本公司将利用是次发售所得款项在本公司陨石坑湖钪稀土区南缘TG区-100米垂直水平以上完成勘探钻探，并完成工艺流程优化及其他公司用途。
这些股票是作为慈善转账安排的一部分发行的。本公司并无就是次发售支付任何佣金或寻找人费。是次发售乃按公平原则进行，而根据发售发行的所有证券均须受适用的法定持有期所规限，即自交易完成起计四个月零一天。此次发行还有待多伦多证券交易所创业板的最终批准。
关于帝国矿业集团有限公司。
Imperial是一家加拿大矿产勘探和开发公司，专注于推进其在魁北克的金属技术项目。Imperial在多伦多证券交易所创业板上市，上市代码为“IPG”，在OTCQB交易所上市为“IMPNF”，由经验丰富的矿产勘探和开发专业团队领导，在多种金属商品中发现矿藏方面有着良好的记录。
| 网站： | 推特：@IMARAL_MINGING | Facebook：帝国矿业集团 |
多伦多证券交易所风险交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
联系人：欲了解更多信息，请联系：彼得·J·卡申总裁兼首席执行官电话：+1(514)360-0571电子邮件：Info@Imperialmgp.com
