I-Minerals Inc. Negotiates Repayment of Outstanding Indebtedness (December 15, 2020)
Vancouver, June 5, 2020 - I-Minerals Inc. (TSXV: IMA) (OTCQB: IMAHF) announces that the repayment date for loans from a company controlled by its Chairman Allen Ball amounting to approximately $$29,310,809, together with all accrued and unpaid interest thereon, has been extended until December 15, 2020. About I-Minerals Inc.
I-Minerals is a Canadian based exploration and development company that is advancing the Helmer-Bovill kaolin-halloysite property in north central Idaho.
per: "John Theobald"
John Theobald,
President & CEO
Contact:
Barry Girling
877-303-6573 or 604-303-6573
Email: info@imineralsinc.com
Or visit our website at www.imineralsinc.com
Paul J. Searle, Investor Relations
877-303-6573 or 604-303-6573
Email: PSearle@imineralsinc.com
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.