Imperial Minerals Plc - Issue of Loan Notes and Director Appointment PR Newswire

1 October 2018

Imperial Minerals Plc

("Imperial" or the "Company")

Issue of Loan Notes and Appointment of Non-Executive Director

Imperial is pleased to announce that it intends to issue up to £300,000 nominal of unsecured convertible notes, which are convertible into ordinary shares at a conversion price of £0.01 each and which pay interest at a rate of 10% per annum (the “Loan Notes”). An initial £50,000 of Loan Notes will be subscribed immediately and the proceeds will be utilised to fund the Company’s general working capital requirements.

In addition, Imperial is pleased to announce the appointment of Fezile Mzazi, aged 38, as a Non-Executive Director of the Company with immediate effect. Mr Mzazi is based in South Africa and Vienna and has nearly 20 years corporate experience in international public markets. 

Current Directorships and Partnerships  Past Directorships and Partnerships over
                                        the last 5 years

Direct Recovery and Management Services Firm Trench Capital (Pty) Limited
(Pty) Limited

Dynasty Telecoms (Pty) Limited          Firm Trench Resources

Global WTE SA (Pty) Limited

Lwazi Training cc

Fuzi Flea Property Rentals cc

There is no further information regarding Mr Mzazi that is required to be disclosed pursuant to Paragraph 21, Appendix 1 of the NEX Exchange Growth Market - Rules for Issuers.

The Directors of the Company accept responsibility for the contents of this announcement.

For further information please contact:

Imperial Minerals plc

Michael Langoulant

+44 7899 249990

Peterhouse Capital Limited

Guy Miller and Mark Anwyl

+44 (0)20 7220 9796