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I-Minerals Inc. Negotiates Repayment of Outstanding Indebtedness


I-Minerals Inc. Negotiates Repayment of Outstanding Indebtedness
Vancouver, British Columbia (Newsfile Corp. - May 14, 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 $33,792,324 together with all accrued and unpaid interest thereon, has been extended until June 15, 2021.
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 Prefeasibility 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%. ....

United States , United Kingdom , British Columbia , John Theobald , Barry Girling , Paulj Searle , British Columbia Newsfile Corp , Chairman Allen Ball , Bovill Property , News Release , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , பிரிட்டிஷ் கொலம்பியா , ஜான் தியோபால்ட் , பாரி பெண் , தலைவர் ஆலன் பந்து , போவில் ப்ராபர்டீ , செய்தி வெளியீடு ,