I-Minerals Inc. Negotiates Repayment of Outstanding Indebtedness
Vancouver, British Columbia (Newsfile Corp. - March 12, 2021) -
I-Minerals Inc. (TSXV: IMA) (OTC Pink: IMAHF) announces that the repayment date for loans from a company controlled by its Chairman, Allen Ball amounting to approximately $31,829,474, together with all accrued and unpaid interest thereon, has been extended until April 15, 2020.
About I-Minerals Inc.
I-Minerals is an exploration and development company that is advancing the Bovill kaolin-halloysite property in north central Idaho. A March 2020 Pre-feasibility Study on the Bovill Property envisaging annual production of 20,000 tons of kaolin and 10,000 tons of halloysite estimated initial CAPEX at US$48 million with a 20% pre-tax, 18% after tax IRR and a US$ 48 million pre-tax, US$34 million after tax NPV10%.
Plymouth Realty Capital Corp Completes Qualifying Transaction and Name Change finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.