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
