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.
Contact
I-Minerals Inc.
Barry Girling
877-303-6573 or 604-303-6573
604.684.0642
info@imineralsinc.com
www.imineralsinc.com