Aug 12, 2011
i-minerals inc. applies to amend terms of share purchase warrants and convertible debentures
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, B.C. - August 12, 2011 - i-minerals inc. (TSX.V: IMA) (the "Company") announces, further to its July 5, 2011 press release, that it intends to make application to the TSX Venture Exchange to amend the terms of certain outstanding share purchase warrants issued pursuant to an offering of convertible debentures having aggregate face amounts of Cdn. $209,652 which closed on September 15, 2009. As disclosed in the following table, the amendment is limited to an extension of the term of the warrants without changes to the exercise price:
In addition, the Company intends to make application to the TSX Venture Exchange for the extension of the maturity date of the convertible debentures referred to above from September 15, 2011 until January 29, 2013, with these convertible debentures to remain convertible at Cdn. $0.35 of principal per share until January 29, 2013.
The proposed amendment of the term of the warrants and the extension of the convertible debentures as set forth above is subject to the Company receiving acceptance from the TSX Venture Exchange therefor.
Per: "Thomas M. Conway"
Thomas M. Conway,
President & CEO
This press release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
877-303-6573 or 604-303-6573
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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 may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of risk factors beyond its control, and actual results may differ materially from the expected results.