Sept 17 (Reuters) - Imperial Metals Corp III.TO :
* IMPERIAL COMMENCES FINANCIAL AND BUSINESS RESTRUCTURING PROCESS
* IMPERIAL METALS CORP - EXTENSION OF DUE DATE OF COMPANY'S SECURED REVOLVING SENIOR CREDIT FACILITY OF $200 MILLION FROM OCTOBER 1, 2018 TO FEBRUARY 15, 2019
* IMPERIAL METALS CORP - SECURED REVOLVING SENIOR CREDIT FACILITY IS NOW SUPPORTED BY A GUARANTEE FROM EDCO CAPITAL CORPORATION
* IMPERIAL METALS CORP - BOARD OF DIRECTORS OF COMPANY HAS ALSO ESTABLISHED A SPECIAL COMMITTEE
* IMPERIAL METALS - SPECIAL COMMITTEE IS AUTHORIZED TO IDENTIFY, CONSIDER, NEGOTIATE, POTENTIALLY IMPLEMENT ALL STRATEGIC ALTERNATIVES
* IMPERIAL METALS CORP - HAS HAD PRELIMINARY DISCUSSIONS WITH A POTENTIAL JOINT VENTURE PARTNER
* IMPERIAL METALS CORP - EXTENSION OF DUE DATE OF COMPANY'S SECOND LIEN CREDIT FACILITY OF $50 MILLION FROM DECEMBER 1, 2018 TO FEBRUARY 15, 2019
* IMPERIAL METALS - STRATEGIC ALTERNATIVES INCLUDE SALES OF SOME OF CO'S ASSETS, JOINT VENTURES, A RECAPITALIZATION, AND A SALE OR MERGER OF CO
* IMPERIAL METALS - STEPS TO IMPROVE OPERATIONS AT BOTH OF CO'S OPERATING MINES EXPECTED TO HAVE POSITIVE OPERATIONAL IMPACT IN Q4 OF 2018