Conversion of Senior Unsecured Convertible Debentures Due August 30, 2027

Core Points - Imperial Metals Corporation announced the conversion of all outstanding Senior Unsecured Convertible Debentures into common shares, with 100% of the holders electing to convert prior to the deadline [1][2] - The conversion will result in the issuance of 14,687,500 common shares, and no cash redemption will occur on the Redemption Date [1][2] Group 1: Debenture Conversion Details - The Company intended to redeem $47 million principal amount of the Debentures at par on the Redemption Date, but all holders opted for conversion instead [2] - The Debenture Shares will be delivered to the holders on the Redemption Date in lieu of the redemption price [1][2] Group 2: Shareholding Changes - N. Murray Edwards' ownership increased from 72,875,775 common shares (44.62%) to 83,032,025 shares (46.64%) following the conversion [4] Group 3: Company Overview - Imperial Metals is based in Vancouver and operates several mines, including the Mount Polley mine (100%), Huckleberry mine (100%), and Red Chris mine (30%), along with 23 greenfield exploration properties in British Columbia [5]