I-Minerals Begins Trading on OTCQX
22 February 2014 - 1:00AM
Marketwired
I-Minerals Begins Trading on OTCQX
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 21, 2014) -
I-Minerals Inc. (TSX-VENTURE:IMA)(OTCQX:IMAHF) (the "Company") is
pleased to announce announce that its common shares will commence
trading on OTCQX International, a segment of the OTCQX marketplace
in the U.S., effective February 21st, under the ticker IMAHF.
Trading on OTCQX is designed to provide current and future
U.S.-based shareholders with greater access to and ease of trading
in I-Minerals Inc.'s shares. U.S. investors can find current
financial disclosures and Real-Time Level 2 quotes for I-Minerals
Inc. on www.otcmarkets.com.
U.S. based broker-dealer and investment banking firm Euro
Pacific Capital Inc. serves as I-Minerals' Principal American
Liaison ("PAL") on OTCQX, responsible for providing professional
guidance on OTCQX requirements.
"Listing on the OTCQX is a natural step in the growth of
I-Minerals," commented Thomas Conway, President and CEO of
I-Minerals. "Our Helmer-Bovill property is in the US, as is the
majority of our management team and many of the customers we are
targeting for sales of our mineral products, the combination of
which we believe has a natural fit with US investors. With this new
access, we are excited to start increasing our market visibility
and sharing our vision with a larger audience of investors."
Investors can find current financial disclosure and Real-Time
Level 2 quotes for Marquee on www.otcmarkets.com. Financial
disclosure and other information about the Company are also
available at www.imineralsinc.com.
About I-Minerals
I-Minerals is developing multiple deposits of high purity-high
value halloysite, quartz, potassium feldspar and kaolin at its
strategically located Helmer-Bovill property in western Idaho. A
2013 Prefeasibility Study completed by SRK Consulting (USA) Inc.
highlights the potential of the Helmer-Bovill property: after tax
NPV6 of $150 million; 28% IRR; 3 year payback and $67 million
initial CAPEX; $84 million CAPEX including life of mine sustaining
capital over a 26 year mine life. Ongoing development work is
focused on upgrading the probable reserve to a proven reserve as
the Company moves through the feasibility process towards
production.
I-Minerals Inc.
Thomas M. Conway, President & CEO
This News Release includes certain "forward looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995. Without limitation, statements
regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward
looking statements that involve various risks. Actual results could
differ materially from those projected as a result of the following
factors, among others: changes in the world wide price of mineral
market conditions, risks inherent in mineral exploration, risk
associated with development, construction and mining operations,
the uncertainty of future profitability and uncertainty of access
to additional capital.
NEITHER THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX-VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS NEWS RELEASE.
I-Minerals Inc.Barry Girling877-303-6573 or
604-303-6573604.684.0642info@imineralsinc.comwww.imineralsinc.com
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