Copyright © 2018
iMinerals Inc.
All rights reserved.
iMinerals Inc.
All rights reserved.
January 8, 2014
Vancouver, B.C. - January 8, 2014 - I-Minerals Inc. (TSX.V: IMA; US IMAHF) (the “Company”)
announces that it has appointed Wayne Moorhouse to its Board of
Directors. Mr. Moorhouse has extensive experience with public companies
and has acted as the CFO, Corporate Secretary or President of a number
of TSX and TSX Venture Exchange listed resource companies and their
subsidiaries, including Roxgold Inc., Silvermex Ltd., Genco Resources
Ltd., Andover Ventures Inc. and Stealth Energy Inc. His background
includes public company reporting, mine development, operations, mine
finance, contract negotiations, community and government relations,
corporate governance and mergers and acquisitions. Mr. Moorhouse is
currently the CFO of Midnight Sun Mining Corporation and a director of
Source Exploration Corp.
The Company also announces that it has re-constituted its Audit
Committee, which now consists of directors Barry Girling, Gary Childress
and Wayne Moorhouse.
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. 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.
Per: “Thomas M. Conway”
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.
Contact:
Barry Girling
877-303-6573 or 604-303-6573
Email: info@imineralsinc.com
Or visit our website at www.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.