I-Minerals Retains O&M Partners, LLC
VANCOUVER, BC--(Marketwired - May 05, 2015) - I-Minerals Inc. (TSX VENTURE: IMA)(OTCQX: IMAHF) ("I-Minerals" or the "Company") announces that it has engaged O&M Partners, LLC ("O&M"), of New York, New York as a corporate advisor. O&M will work with I-Minerals to assist in targeting non-deal institutional and independent money managers throughout the United States including financial centres often overlooked. This marketing effort will include a combination of group Town Hall conference calls and follow-up roadshows. This campaign is an integral part of the Company's overall marketing effort focused on the United States. The Company's agreement with O&M will run for a period of six months, and may be further extended by agreement of the parties. In consideration for providing the services thereunder, the Company will pay O&M a total of U.S. $45,000 over the term of the contract.
Regarding the Company's agreement with O&M, Thomas M. Conway, President and CEO of I-Minerals Inc., commented: "I-Minerals is a domestic reporting issuer with the SEC, with a US property and US management, yet it is a company largely unknown to US investors. We believe O&M Partners can help create better awareness of the Company as move our Bovill Kaolin quartz-k-spar-halloysite-kaolin project through the feasibility process."
About O & M Partners, LLC
O & M is internationally recognized by institutional and independent money managers for its ability to discover high-potential companies, identify sector trends, and qualify market sentiment. Since 1995, O&M's New York-based marketing professionals have been bringing Wall Street together with the senior management of publicly traded companies on the TSX.V, AMEX and NASDAQ. O&M specializes in non-deal institutional marketing of micro-and small-caps.
O&M currently has no direct or indirect interest in the securities of I-Minerals or any right or intent to acquire such an interest. The appointment of O&M is subject to I-Mineral's making the required filings with the TSX Venture Exchange as provided for in its Policy 3.4.
About I-Minerals Inc.
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 north central Idaho. A 2014 Prefeasibility Study on the Bovill Kaolin Deposit completed by SRK Consulting (USA) Inc. highlights the potential of the Helmer-Bovill property's Bovill Kaolin deposit: after tax NPV6 of $212 million; 30.5% IRR; 3 year payback and $72.7 million initial CAPEX; $84 million CAPEX including life of mine sustaining capital over a 25 year mine life. Ongoing development work is focused on moving the project towards production.
I-Minerals Inc.
Thomas M. Conway,
President & CEO
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.
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.
Contact
Barry Girling
877-303-6573 or 604-303-6573 ext. 102
Email: info@imineralsinc.com
Or visit our website at www.imineralsinc.com
Paul J. Searle
Investor Relations
877-303-6573 or 604-303-6573 ext. 113
Email: psearle@imineralsinc.com