Imperial Mining Group Ltd. (TSXV:IPG) announced a non-brokered private placement of 3,333,333 units at a price of CAD 0.15 per unit for gross proceeds of CAD 500,000 on January 22, 2021. The transaction included participation from high-net worth international investors. The transaction included participation from 6 placees. Each unit is comprised of one common share and one and half share purchase warrant, with each whole warrant entitling the holder to acquire one share of the company at a price of CAD 0.25 per warrant for period of 24 months from the closing date. All securities issued are subject to the applicable statutory hold period of four months and one day from the closing. The company paid no commission or finders’ fee in connection with this transaction. The company has received acceptance for filing documentation from TSX Venture Exchange with respect to this transaction.