Imperial Metals dodges liquidity bullet, for now

摘要

Troubled miner Imperial Metals (TSX: III) has kicked debt-repayment deadlines further down the road, and will examine strategic alternatives that could include a sale or merger. Asset sales, joint ventures and a recapitalization are also on the table. The company says it has already sold a 0.5% net smelter return royalty interest on its Red Chris project for US$17 million. It would only identify the buyer as "a company of which a significant shareholder of the company is a minority equity shareholder."