IMX Resources Ltd.: Intention to Voluntarily De-List from Toronto Stock Exchange

West Perth WA (FSCwire) - IMX Resources Limited (ASX: IXR, TSX: IXR, IXR.WT) (‘IMX’ or the ‘Company’) advises that it has applied for voluntary de-listing of its securities from trading on the Toronto Stock Exchange (‘TSX’).

Subject to the application being accepted, it is expected that the Company’s securities will be de-listed and therefore no longer traded on the TSX after the close of trading on Monday 10 August 2015. The de-listing date will be announced following confirmation from the TSX.

No change will occur to the quotation and trading of IMX shares on the Australia Securities Exchange (‘ASX’) and IMX securities remain available for trading on the ASX under the code IXR.


Reasons for delisting

The decision to de-list is due to several factors, including the limited trading volume of IMX’s shares on the TSX over a sustained period of time, with more than 99% of securities traded over the past 12 months occurring on the ASX, along with the low ownership of IMX shares on the Canadian register where approximately 1% of the Company’s shares are held. As a result, the Board considers the regulatory and other costs associated with maintaining the TSX listing cannot be justified and maintaining the listing is not expected to deliver value for the Company.


Implications for holders on the Canadian register

In order to trade their securities on the ASX, Canadian beneficial holders will need to have their holdings transferred to the Australian share register.

After the proposed de-listing date of 10 August 2015 and until a transfer to the Australian register is effected, shareholders on the Canadian register and beneficial shareholders holding their securities through a CDS participant/broker will not be able to trade their shares on the ASX and their holdings will remain on the Canadian share register.

Securities held on the Canadian register which have not been transferred by 15 September 2015 will automatically be transferred to an Issuer Sponsored Holding on the Australian share register.

Questions regarding the transfer process may be directed to Computershare’s Global Transaction Unit on + 1 866 277 2086.

Following de-listing from the TSX, IMX intends to apply under Canadians securities laws for an order that it cease to be a reporting issuer in Canada.


PHIL HOSKINS
Chief Executive Officer



For further information, please contact:

IMX Resources Limited
Phil Hoskins – Chief Executive Officer
Tel: +61 8 9388 7877

Media
Nicholas Read/Paul Armstrong – Read Corporate
Telephone: +61 8 9388 1474
E: info@readcorporate.com.au

Stuart McKenzie – General Manager Commercial and Company Secretary
Tel: +61 8 9388 7877



About IMX Resources Limited

IMX Resources is an Australian minerals exploration company that holds a 5,800 km2 tenement package at the Nachingwea Property in south-east Tanzania. The Nachingwea Property hosts the Chilalo Graphite Project, the Ntaka Hill Nickel Project and the Kishugu and Naujombo Gold Prospects. IMX’s primary focus is on high-grade, high quality graphite and it is rapidly advancing development of the Chilalo Graphite Project, where there is a high-grade JORC Inferred Resource of 7.4 million tonnes grading 10.7% Total Graphitic Carbon, for 792,000 tonnes of contained graphite. Chilalo is located approximately 220 km by road, from the deep water commercial Mtwara Port, the majority of which is a sealed main road. IMX aims to become a respected supplier of high quality graphite for the clean technology economy.

To find out more, please visit www.imxresources.com.au.