Imperial Ginseng enters into Merger Agreement to acquire One Bullion Ltd. VANCOUVER, BRITISH COLUMBIA, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Imperial Ginseng Products Ltd. (TSXV: IGP) (the “Company”) is pleased to announce that it has entered into a definitive merger agreement (the “Merger Agreement”) dated September 11, 2024, with One Bullion Ltd. (“One Bullion”), a private arm's length Ontario incorporated gold exploration company headquartered in Toronto, Ontario with projects located in Botswana, and a newly incorporated wholly-owned Ontario subsidiary of Company (“NewCo”). Pursuant to t...
Imperial Ginseng Products Ltd. Announces Cash Distribution VANCOUVER, British Columbia, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Imperial Ginseng Products Ltd. (TSXV: IGP) (the “Company”) today announces it has declared a cash distribution of $2.25 per common share (the “Distribution”) to the holders of record at the close of business on January 12, 2024, payable on January 26, 2024. Because the Distribution is greater than 25% of the trading price of the Company’s common shares on the declaration date, it will be subject to the “Due Bill” trading requirements of the TSX Venture Exchange (the “E...
Imperial Ginseng Products Ltd. Announces Cancellation of Stock Options Granted in 2017 VANCOUVER, British Columbia, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Imperial Ginseng Products Ltd. (TSXV: IGP) (the “Company”) announces that it and certain directors and officers of the Company have mutually agreed to cancel the stock options (the “Cancelled Options”) exercisable to acquire an aggregate of 182,000 common shares of the Company. These Cancelled Options were granted on May 26, 2017 with an exercise price of $0.85 per common share and an expiry date of May 26, 2022. No considerations were paid ...
Imperial Ginseng Products Ltd. Announces Grant of Stock Options VANCOUVER, British Columbia, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Imperial Ginseng Products Ltd. (TSXV: IGP) (the “Company”) announces that it has granted to directors and officers of the Company stock options (the “Options”) exercisable to acquire up to a total of 326,000 common shares of the Company in accordance with the Company’s Stock Option Plan. Each Option is exercisable into one common share of the Company at a price of $0.26 per share. The Options vested on grant and will expire on June 30, 2023. Following this grant ...
Imperial Ginseng Products Ltd. Announces Changes in Future Operating Plan VANCOUVER, British Columbia, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Further to the news release on May 28, 2020 announcing that Imperial Ginseng Products Ltd. (TSXV: IGP) (the “Company”) will not be planting new crops in the summer of 2020, the Board has made a further decision that the Company will cease new plantings completely. In addition, the Board has decided, in the best interest of the Company and its stakeholders, to abandon all the immature 1-year-old and 2-year-old crops, of approximately 203 acres or 40% of a...
Imperial Ginseng Products Ltd. Announces New Planting Decision and Retirement of Director VANCOUVER, British Columbia, May 28, 2020 (GLOBE NEWSWIRE) -- Imperial Ginseng Products Ltd. (TSXV: IGP) (the “Company”) has determined that it is in the best interest of the Company and its stakeholders to cease the planting of any ginseng acres for the upcoming summer season. The Company has also determined that some or all of the summer 2019 planting of 66 acres may be harvested prematurely. These decisions were based on a number of factors, including the current diplomatic difficulties between Ca...
Imperial Ginseng Products Ltd. Announces Renewal of Normal Course Issuer Bid VANCOUVER, British Columbia, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Imperial Ginseng Products Ltd. (TSXV: IGP) (the “Company”) is pleased to announce that the TSX Venture Exchange (“TSXV”) has approved the renewal of the Company’s normal course issuer bid (“NCIB”). Under the renewed NCIB, the Company will be entitled to repurchase for cancellation up to 366,000 common shares of the Company, representing approximately 5% of the 7,326,547 common shares as of August 31, 2019. Purchases will be made at the prevailing ma...
Imperial Ginseng Products Ltd. Announces Renewal of Normal Course Issuer Bid VANCOUVER, British Columbia, Sept. 21, 2018 (GLOBE NEWSWIRE) -- Imperial Ginseng Products Ltd. (TSXV: IGP) (the “Company”) is pleased to announce that the TSX Venture Exchange (“TSXV”) has approved the renewal of the Company’s normal course issuer bid (“NCIB”). Under the renewed NCIB, the Company will be entitled to repurchase for cancellation up to 363,000 common shares of the Company, representing approximately 5% of the 7,269,047 common shares as of September 20, 2018. Purchases will be made at the prevailin...
Imperial Ginseng Products Ltd. Announces the Retirement of President and Co-Chairman of the Board VANCOUVER, British Columbia, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Imperial Ginseng Products Ltd. (TSX-V:IGP) (“Imperial” or the “Company”) today announced that Mr. Hugh Cartwright has informed the Board of Directors of his intention to retire from his position of President, as well as Co-Chairman and Director of the Board of the Company, effective August 31, 2018. Mr. McCoach will continue his role as Chief Executive Officer and will assume the position of Chairman of the Board. Mr. Hugh Cartw...
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