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