Imperial Announces the Results of its 2022 Annual and Special General Meeting

Rhea-AI Summary

MONTREAL, March 22, 2022 -- Imperial Mining Group Ltd. (TSX VENTURE: IPG) held its 2022 Annual and Special Meeting of Shareholders where several directors were elected, including Steven Brunelle and Peter J. Cashin. Shareholders approved the appointment of Raymond Chabot Grant Thornton as auditors, the renewal of a 10% rolling stock option plan, and a new 10% rolling restricted share unit plan, subject to TSXV approval. The total common shares issuable under these plans will not exceed 10% of the outstanding shares at the time of grant.

Positive

• Shareholder approval of the 10% rolling stock option plan.
• Approval of the new 10% rolling restricted share unit plan.

Negative

• None.

MONTREAL, March 22, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG) announces the results of its 2022 Annual and Special Meeting of Shareholders held on March 22, 2022 (the "Meeting"). The following individuals have consented to act as directors following their election by the shareholders: Steven Brunelle, Peter J. Cashin, Philippe Cloutier, Nick Nikolakakis and Jeffrey Swinoga. In addition, shareholders approved the appointment of Raymond Chabot Grant Thornton as Imperial’s auditors. Shareholders also approved, by a majority of votes and subject to the TSXV approval, the renewal of the 10% rolling stock option plan, as well as the adoption of the new 10% rolling restricted share unit plan. The aggregate number of common shares of Imperial issuable pursuant to all security-based compensation arrangements including the above could not exceed 10% of the issued and outstanding common shares of Imperial at the time of a grant.

ABOUT IMPERIAL MINING GROUP LTD.

Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.

For further information please contact:

Peter J. Cashin President and Chief Executive Officer Phone: +1 (514) 360-0571 Email: info@imperialmgp.com

Website: www.imperialmgp.com           Twitter: @imperial_mining         Facebook: Imperial Mining Group

This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades. 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.   

FAQ

What were the results of the Imperial Mining Group Ltd. Meeting on March 22, 2022?

The results included the election of new directors and the approval of stock option and restricted share unit plans.

Who were the elected directors of Imperial Mining Group Ltd. in 2022?

Directors elected included Steven Brunelle, Peter J. Cashin, Philippe Cloutier, Nick Nikolakakis, and Jeffrey Swinoga.

What financial plans were approved at the Imperial Mining Group Ltd. Meeting?

Shareholders approved the renewal of a 10% rolling stock option plan and a new restricted share unit plan.

What is the ticker symbol for Imperial Mining Group Ltd.?

The ticker symbol for Imperial Mining Group Ltd. on the OTCQB Exchange is IMPNF.