Copyright © 2019
iMinerals Inc.
All rights reserved.
iMinerals Inc.
All rights reserved.
May 5, 2015
Vancouver, B.C. — May 5, 2015 - I-Minerals Inc. (TSX.V: 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.
Per: “Thomas M. Conway”
Thomas M. Conway,
President & CEO
Contact:
Barry Girling
877-303-6573 or 604-303-6573 ext. 102
Email: info@imineralsinc.com
Paul J. Searle, Investor Relations
877-303-6573 or 604-303-6573 ext. 113
Email: psearle@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.
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.