24 Mar 2023listing compliance notice▼ BadMajor
I-Minerals Inc deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Mar 2023quarterly activities report▼ Bad
I-Minerals Inc reported a quarterly net loss of $480 thousand for the period ended 2023-01-31.
6 Mar 2023business combination● NeutralMajor
This final amendment reports that shareholders approved the sale of i-minerals USA to BV Lending at the March 2, 2023 meeting, with 93.37% of votes cast in favour, and 84.71% when votes from BV Natural, Mr. Ball and other interested parties are excluded. The sale was completed on March 3, 2023, resolving the September 2022 agreement. The company no longer owns the Helmer-Bovill project, in line with what was disclosed earlier.
27 Jan 2023business combination● NeutralMajor
I-Minerals issued its final proxy for a March 2, 2023 shareholder meeting to vote on selling i-minerals USA to BV Lending. The board unanimously recommends voting for it. The proxy says the company owes BV Lending about US$35.4 million, due February 15, 2023, that it lacks cash to repay, and that it relies on BV Lending extending the due date. After the sale it would have no assets other than a modest amount of cash and no substantive operations, and it expects to explore new business opportunities while staying listed on the TSXV. The meeting also covers electing four directors (Theobald, Girling, Childress, Moorhouse), appointing BDO Canada LLP as auditor, approving the stock option plan, and moving the company's incorporation to British Columbia after the sale. Dissenting shareholders may be paid fair value for their shares.
27 Jan 2023business combination● Neutral
I-Minerals and the BV Lending side filed an amended deal statement alongside the final proxy, mostly pointing to the proxy for details. It repeats that the sale of i-minerals USA covers all or substantially all of the company's assets and that the company will be delisted from OTC Pink afterwards. This continues the September 2022 sale agreement, which is still awaiting shareholder approval.
19 Jan 2023substantial holder notice● Neutral
BV NATURAL RESOURCES LLC reported a I-Minerals Inc shareholding of 36,803,890 shares (39.30% of votes) in a periodic institutional filing.
19 Jan 2023substantial holder notice● Neutral
BV NATURAL RESOURCES LLC reported a I-Minerals Inc shareholding of 36,803,890 shares (39.30% of votes) in a periodic institutional filing.
4 Jan 2023business combination▼ BadMajor
I-Minerals, BV Natural Resources and Allen Ball filed the going-private-style transaction statement required because the sale of i-minerals USA to BV Lending involves a major shareholder. It was filed alongside a preliminary proxy for a shareholder meeting to approve the sale, and it mostly points to the proxy for details. It states the sale covers all or substantially all of the company's assets and that the company will be delisted from the OTC Pink marketplace after it. This continues the September 2022 sale agreement; it is still preliminary and not yet approved.
15 Dec 2022quarterly activities report▼ Bad
I-Minerals Inc reported a quarterly net loss of $480 thousand for the period ended 2023-01-31.
19 Sept 2022quarterly activities report▼ Bad
I-Minerals Inc reported a quarterly net loss of $337 thousand for the period ended 2022-10-31.
19 Sept 2022material agreement▼ BadMajor
I-Minerals agreed to sell all shares of its subsidiary i-minerals USA, which owns the Helmer-Bovill leases, to BV Lending for a US$3,000,000 share value paid by setting off debt owed to BV Lending. The filing says about US$25.7 million of intercompany debt will be cancelled, the balance of the company's debt to BV Lending (about US$35.4 million before the set-off) will be transferred to the company, and the earlier loan agreements and security will be terminated. After closing the company will have no mineral properties and will need to find a new business. The deal needs shareholder and TSX Venture Exchange approval, and BV Lending is a non-arm's length party holding about 39.4% of the company's shares. This is the end point of the BV Lending borrowing since 2015.
14 Sept 2022late filing notice▼ Bad
I-Minerals Inc notified the SEC that its quarterly report would be filed late.
9 Sept 2022substantial holder notice● Neutral
ALLEN L. BALL, BV NATURAL RESOURCES LLC reported a I-Minerals Inc shareholding of 36,929,390 shares (39.40% of votes) in a periodic institutional filing.
9 Sept 2022substantial holder notice● Neutral
ALLEN L. BALL, BV NATURAL RESOURCES LLC reported a I-Minerals Inc shareholding of 36,929,390 shares (39.40% of votes) in a periodic institutional filing.
24 Mar 2022quarterly activities report▼ Bad
I-Minerals Inc reported a quarterly net loss of $330 thousand for the period ended 2022-04-30.
16 Mar 2022late filing notice▼ Bad
I-Minerals Inc notified the SEC that its quarterly report would be filed late.
15 Dec 2021quarterly activities report▼ Bad
I-Minerals Inc reported a quarterly net loss of $300 thousand for the period ended 2022-01-31.
17 Nov 2021agm notice● Neutral
I-Minerals Inc shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
14 Sept 2021quarterly activities report▼ Bad
I-Minerals Inc reported a quarterly net loss of $315 thousand for the period ended 2021-10-31.
29 July 2021late filing notice▼ Bad
I-Minerals Inc notified the SEC that its annual report would be filed late.
16 Mar 2021quarterly activities report▼ Bad
I-Minerals Inc reported a quarterly net loss of $1.2 million for the period ended 2021-04-30.
14 Dec 2020quarterly activities report▼ Bad
I-Minerals Inc reported a quarterly net loss of $2.5 million for the period ended 2021-01-31.
27 Nov 2020agm notice● Neutral
I-Minerals Inc shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
11 Sept 2020quarterly activities report▼ Bad
I-Minerals Inc reported a quarterly net loss of $1.2 million for the period ended 2020-10-31.
13 Mar 2020quarterly activities report▼ Bad
I-Minerals Inc reported a quarterly net loss of $1.4 million for the period ended 2020-01-31.
5 Mar 2020resource reserve update● NeutralMajor
I-Minerals announced the results of the Pre-Feasibility Study on its Bovill Project in Idaho, via a news release attached as an exhibit. The filing itself gives no figures; the details are only in the attached news release. This follows the 2019 withdrawal of the earlier feasibility study and relates to the loan repayment trigger set in November 2019.
23 Dec 2019securities registration● Neutral
I-Minerals Inc filed notice of an exempt private placement.
16 Dec 2019quarterly activities report▼ Bad
I-Minerals Inc reported a quarterly net loss of $1.4 million for the period ended 2020-01-31.
14 Nov 2019agm notice● Neutral
I-Minerals Inc shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
8 Nov 2019director interest notice● Neutral
I-Minerals Inc director Walter Barry Girling bought 100,000 shares on the open market.