Imperial Mining Group Ltd. announced that it expects to receive funding from Belgravia Hartford Capital Inc. and other investors
On the same date, the company received CAD 819,000 for 5,460,000 units at a price of CAD 0.15 per share in its first tranche. The transaction included participation from Belgravia Hartford Capital Inc. for 1,000,000 units at a price of CAD 0.15 per share for gross proceeds of CAD 150,000. As a part of the transaction, Belgravia Hartford Capital Inc. has raised its shareholding from 10.87% to 11.15%. The company paid finder's fee totaling CAD 11,550 in cash and issued 77,000 warrants, with each warrant entitling the holder to acquire one share of the company at a price of CAD 0.20 over a period of 24-months from the closing date.