|November 27, 2002|
Silver Standard to Purchase Silvertip Project in British Columbia
|Imperial Metals Corporation (TSX:III) has entered into an agreement for the sale of its Silvertip property to Silver Standard Resources Inc. (TSX Venture:SSO). The purchase price is Cdn$1.2 million in cash plus 100,000 common shares of Silver Standard. Imperial retains a Right of First Offer in the event that Silver Standard decides to sell the Silvertip Property in the future.|
Silvertip is located in northern British Columbia approximately 85 km (50 miles) southwest of Watson Lake, Yukon Territory.
The transaction remains subject to regulatory approval.
For further information contact:
Brian Kynoch, Senior Vice President
Imperial Metals Corporation
Paul LaFontaine, Director, Investor Relations
Silver Standard Resources Inc.
You can view the Next News Release 2002 item: Thu Nov 28, 2002, Imperial Reports Results for Third Quarter 2002
You can view the Previous News Release 2002 item: Wed Nov 27, 2002, Imperial Acquires Nak Property Near Joss'alun
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