Imperial Announces Normal Course Issuer Bid
imperialmetals.com
News Release
Imperial Announces Normal Course Issuer Bid
Vancouver | April 27, 2021 | Imperial Metals Corporation (the “Company”) (TSX:III) announces the Toronto Stock Exchange
(the “TSX”) has accepted the Company’s Notice of Intention to make a Normal Course Issuer Bid (the “Bid”) to be transacted
through the facilities of the TSX or alternative Canadian market places.
Pursuant to the Bid, the Company may purchase up to 642,632 common shares, which represents 0.5% of the total
128,526,424 common shares of the Company issued and outstanding as of April 23, 2021. Purchases will be made, at the
discretion of the Company at prevailing market prices, commencing April 29, 2021 and ending no later than April 28, 2022.
Pursuant to TSX policies, daily purchases made by the Company will not exceed 59,206 common shares or 25% of the
Company’s average daily trading volume of 14,801 common shares on the TSX, subject to certain prescribed exceptions.
The shares acquired under the Bid will be used to satisfy the Company’s obligations under its Non -Management Directors’
Plan and Share Purchase Plan (the “Plans”). The funding for any purchase pursuant to the Bid will be financed out of the
working capital of the Company. In the previous 12 months, the Company has repurchased 107,850 of its outstanding
common shares at the average price per share of $2.71. The maximum number of common shares sought and approved by
the TSX under the terms of the previous Bid was 642,451. The common shares have or will be allocated to satisfy the
Company’s obligations under the Plans. A copy of the Company’s Notice filed with the TSX may be obtained, by any
shareholder without charge, by contacting the Company’s Chief Financia l Officer.
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About Imperial
Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its
subsidiaries, owns a 30% interest in the Red Chris mine, and a 100% interest in both the Mount Polley and Huckleberry
copper mines in British Columbia. Imperial also holds a 45.3% interest in the Ruddock Creek lead/zinc property.
Company Contacts
Brian Kynoch | President | 604.669.8959
Darb Dhillon | Chief Financial Officer | 604.488.2658
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking
statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding f uture
events and include, but are not limited to, statements regarding the Company’s intentions with respect to the Bid, the purchases and funding
of such purchases thereunder and the use of any shares acquired under the Bid.
In certain cases, forward -looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is
expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" o r "will be
taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward -looking
statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, perfo rmance or
achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by
the forward-looking statements.
In making the forward -looking statements in this release, the Company has applied certain factors and assumptions that are based on
information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and assumptions
and beliefs and assumptions include, among other things, that the Company will complete purchases of common shares pursuant to the
Bid and the other assumptions and risk factors detailed from time to time in the Company’s interim and annual financial statements and
management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially
from those described in forward -looking stateme nts, there may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended, many of which are beyond the Company’s ability to control or predict. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on forward-looking statements and all forward-looking statements
in this news release are qualified by these cautionary statements. Such information is given only as of the date of this news release. The Company
does not assume any obligation to update its forward-looking information to reflect new information, subsequent events or otherwise, except as required
by law.