MONTREAL, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperialˮ or the "Corporation") (TSX VENTURE: IPG) is pleased to announce that it closed today the second and last tranche of a non-brokered private placement (the "Offering") consisting of 2,991,155 units (each, a "Unit") at a price of $0.09 per Unit for total gross proceeds of $269,204. Each Unit is comprised of one (1) common share (each a "Share") and half (1/2) of a Share purchase warrant, with each whole warrant entitling the holder to acquire one (1) additional Share of the Corporation at a price of $0.14 over a period of 24 months from the closing date.
The Corporation was thus able to raise a total of $710,982.08 in the Offering with both tranches.
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, complete optimization work on the process flow sheet and other corporate purposes.
"I am very pleased with the investor reception in connection with this offering," said Imperial President & CEO, Peter Cashin. "The recent positive developments in the growth potential of the scandium market as a critical element in high-strength aluminum alloys has been supportive. We remain confident our views on the commodity's critical importance for the aerospace, automotive and defense sectors moving forward."
In connection with this second and last tranche of the Offering, no commission or finders' fee was paid by the Corporation. All securities issued pursuant to the Offering are subject to the applicable statutory hold period of four (4) months and one (1) 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
蒙特利爾，2023年2月13日(環球通訊社)--帝國礦業集團有限公司。(“帝王ˮ或“公司“)(多倫多證券交易所創業公司：IPG)高興地宣佈，今天完成了第二批也是最後一批非經紀私募(“供奉“)由2,991,155個單元(每個單元，一個”單位“)，每單位0.09美元，總收益269,204美元。每個單位由一(1)股普通股組成(每一股分享“)及一半(1/2)股份認購權證，每份完整認股權證持有人有權在自截止日期起計24個月期間內，以0.14美元的價格購入本公司額外一(1)股股份。
因此，該公司在兩批債券發行中總共籌集了710,982.08美元。
本公司將利用是次發售所得款項，完成在本公司隕石坑湖鈧稀土區南緣高於TG區垂直水準-100米的勘探鑽探、完成工藝流程的優化工作及其他公司用途。
帝國煙草首席執行官總裁表示：“我對此次發行受到投資者的歡迎感到非常高興。”作為高強度鋁合金的關鍵元素，鈧市場的增長潛力最近出現了積極的發展。我們仍然相信，這種大宗商品對航空航太、汽車和國防行業的未來至關重要。
就是次發售的第二期亦即最後一期，本公司並無支付佣金或檢索人費用。根據此次發行發行的所有證券均受適用的法定持有期的限制，即自交易結束起計四(4)個月零一(1)天。此次發行還有待多倫多證券交易所創業板的最終批准。
關於帝國礦業集團有限公司。
Imperial是一家加拿大礦產勘探和開發公司，專注於推進其在魁北克的金屬技術專案。Imperial在多倫多證券交易所創業板上市，上市代碼為“IPG”，在OTCQB交易所上市為“IMPNF”，由經驗豐富的礦產勘探和開發專業團隊領導，在多種金屬商品中發現礦藏方面有著良好的記錄。
網站：*推特：@IMARAL_MINING*Facebook：帝國礦業集團
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
聯繫人：欲瞭解更多資訊，請聯繫：彼得·J·卡申總裁兼首席執行官電話：+1(514)360-0571電子郵件：Info@Imperialmgp.com
