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Imperial Minerals Plc (IMPP)


Monday 22 December, 2014

Imperial Minerals Plc

Potential Investment in South American Gold Pro...

                             Imperial Minerals Plc                             

                                (the "Company")                                

22 December 2014

              Potential Investment in South American Gold Project              

The Company is pleased to announce that  on  Saturday  20th  December  2014  it
entered into an agreement with Symerton Holdings S.A. ("Symerton"), under which
the Company will lend to Symerton the sum of USD 150,000 (the "Loan")(the "Loan
Agreement"). The  Loan  effectively  secures  an  option  for  the  Company  to
investigate an opportunity to invest in a gold project in South America.

The Loan is unsecured and bears an interest rate of 12 per cent. per  annum. At
the Company's discretion, the Loan is convertible  into  a  minority  stake  in
Symerton on or before 31st January 2015 or, under  certain  conditions,  later.
Alternatively, the Loan must be repaid  with  accrued  interest  by  30th April     

Under the Loan Agreement the Company also has an option, exercisable at its own
discretion, to invest a further USD 200,000 in Symerton.

The Company  is  now  carrying  out  further  due  diligence  on  the  proposed
opportunity in order to determine whether to invest further in the project  and
will issue a further announcement on progress in due course.

Commenting on these developments, Frank Moxon, Chairman of  the  Company  said:
"This is an opportunity not without its risks and the  convertible  loan, which
represents the first stage of our involvement, enables us to complete essential
due diligence and make a fair assessment of Symerton's potential projects."

For further information please contact:

Imperial Minerals Plc
Tel: 01379 640 800
[email protected]

Peterhouse Corporate Finance Limited
Guy Miller and Mark Anwyl

Tel: 020 7469 0930

a d v e r t i s e m e n t