Brief: Imperial Metals To Enter Joint Venture With Newcrest Mining

Imperial Metals

10/03/2019 23:32

March 10 (Reuters) - Imperial Metals Corp  III.TO :
    * IMPERIAL TO ENTER JOINT VENTURE WITH NEWCREST MINING
    * IMPERIAL METALS - ENTERED AGREEMENT TO SELL A 70% INTEREST IN ITS RED
CHRIS
COPPER AND GOLD ASSET IN BRITISH COLUMBIA, CANADA TO NEWCREST MINING LTD
    * ENTERED AGREEMENT TO SELL A 70% INTEREST IN ITS RED CHRIS COPPER AND GOLD
ASSET
IN BRITISH COLUMBIA FOR US$806.5 MILLION IN CASH
    * CO AND NEWCREST WILL FORM JOINT VENTURE FOR OPERATION OF RED CHRIS ASSET
GOING
FORWARD, WITH NEWCREST ACTING AS OPERATOR
    * CO RETAINING A 30% INTEREST IN MINE
    * BMO CAPITAL MARKETS IS ACTING AS FINANCIAL ADVISOR TO COMPANY IN
CONNECTION WITH
TRANSACTION

Source text for Eikon:  ID:nGNX2VVyT3 
Further company coverage:  III.TO 

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