Imperial Mining Announces Shareholder Approval of Name Change to Scandium Canada Ltd. and Results of its 2024 Annual and Special Meeting
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Imperial Mining Announces Shareholder Approval of Name Change to
Scandium Canada Ltd. and Results of its 2024 Annual and Special Meeting
MONTRÉAL, QUÉBEC – February 7, 2024 – Imperial Mining Group Ltd. (the “Company” or "Imperial") (TSX
VENTURE: IPG; OTCQB: IMPNF ) is pleased to announce that shareholders approved a Company name change to
“Scandium Canada Ltd. / Scandium Canada Ltée” (the “Name Change”) at the Annual and Special Meeting of Shareholders
held on February 6, 2024 (the “Meeting”). The Name Change and rebrand was proposed as part of the Company’s efforts
to position itself as a leader in the scandium and strategic minerals sector.
“We want Scandium Canada to be the first company people think of when they think of scandium and technology metals,”
said Guy Bourassa, CEO. “This Name Change supports our corporate objectives of positioning the Company as a leader in
the strategic minerals sector.”
As part of the Name Change, the Company has released a new logo (below) and will launch a new Company website at
www.scandium-canada.com once the Name Change has been approved by the TSX Venture Exchange (the “TSXV”).
The Company has filed with the TSXV a notice of name change to "Scandium Canada Ltd. / Scandium Canada Ltée". As
part of the Name Change, once required regulatory approvals are provided, the Company will commence trading on the
TSXV under the new symbol "SCD” and on the OTCQB under a new trading symbol, yet to be confirmed. The Company
will advise the market of the new trading dates and confirmed symbols once advised by the relevant trading exchange.
In addition to the Name Change, the Company is pleased to announce that each other item of business placed before the
shareholders was approved at the Meeting. Voting results are outlined below.
Election of Directors
Each of the nominee directors listed in Imperial’s management proxy circular dated January 8, 2024, was elected. The Board
is now composed of the following members: Guy Bourassa, Alain Bureau, Brooke DeLong, Pierre Neatby and Jeffrey
Swinoga.
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Appointment of Auditors
Raymond Chabot Grant Thornton LLP was reappointed as auditor of the Company and the Board was authorized to fix the
auditor’s renumeration.
Approval of the Stock Option Plan
The 10% rolling stock option plan (the “Stock Option Plan ”) was approved, subject to certain amendments to clarify
existing provisions of the Stock Option Plan and final approval by the TSXV.
Approval of the Restricted Share Units Plan
The 10% rolling restricted share unit plan (the “RSU Plan”) was approved, subject to certain amendments to clarify existing
provisions of the RSU Plan and final approval by the TSXV.
ABOUT IMPERIAL MINING GROUP LTD.
Imperial is a Canadian technology metals company focused on advancing its flagship Crater Lake scandium and rare earth projects in
Québec.
For further information please contact:
Imperial Mining Group Ltd.
Guy Bourassa
Chief Executive Officer
Phone: +1 (418) 580-2320
Email: [email protected]
Rebecca Greco
Investor Relations
Phone: +1 (416) 822-6483
Email: [email protected]
Website: www.imperialmgp.com 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.