October 27, 2017 / 1:31 PM / in a year

BRIEF-IMPERIAL ANNOUNCES DETAILS OF FINANCING PLAN

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Oct 27 (Reuters) - Imperial Metals Corp

* IMPERIAL ANNOUNCES DETAILS OF FINANCING PLAN

* ‍IT HAS CONCLUDED ITS DISCUSSIONS WITH ITS SENIOR CREDIT FACILITY AND SECOND LIEN CREDIT FACILITY LENDERS

* SENIOR CREDIT & SECOND LIEN LENDERS AGREED TO PERMANENTLY WAIVE BREACH OF EBITDA COVENANT RELATED TO QUARTER ENDED JUNE 30

* SENIOR CREDIT FACILITY AND SECOND LIEN CREDIT FACILITY WILL BE EXTENDED TO OCT 1, 2018 AND DEC 1, 2018 RESPECTIVELY

* ‍BOARD ALSO APPROVED ESTABLISHMENT OF NEW $10 MILLION UNSECURED DEBT FACILITY TO BE PROVIDED BY AN AFFILIATE OF EDWARDS

* ‍APPROVED OFFERING FOR HOLDERS OF COMMON SHARES BY ISSUE OF RIGHTS ENTITLING THEM TO SUBSCRIBE FOR ABOUT $40 MILLION OF SHARES Source text for Eikon: Further company coverage:

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