SEC Form 4 · accession 0001534122-15-000065

I-Minerals Inc · IMAHF

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

BV NATURAL RESOURCES, LLC

10% Owner

Period of report

Jul 10, 2015

Accepted (ET)

Jul 20, 2015 · 5:44 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001405663

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
COMMON SHARES^F1,F2	Jul 10, 2015	J	13,588	$0.18	A	25,353,701	D
COMMON SHARES^F1,F2	Jul 10, 2015	J	45,165	$0.18	A	25,398,866	D
COMMON SHARES^F1,F2	Jul 10, 2015	J	37,203	$0.19	A	25,436,069	D
COMMON SHARES^F1,F2	Jul 10, 2015	J	170,373	$0.17	A	25,606,442	D
COMMON SHARES^F1,F2	Jul 10, 2015	J	213,136	$0.17	A	25,819,578	D
COMMON SHARES^F1,F2	Jul 10, 2015	J	214,108	$0.17	A	26,033,686	D
COMMON SHARES^F1,F2	Jul 10, 2015	J	197,380	$0.18	A	26,231,066	D
COMMON SHARES^F1,F2	Jul 10, 2015	J	194,344	$0.19	A	26,425,410	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants (Right to Buy)^F1,F2,F3	$0.23	Jul 10, 2015	J	13,588	A	Jul 10, 2015	Dec 1, 2018	Common Shares	13,588	13,588	D
Warrants (Right to Buy)^F1,F2,F3	$0.23	Jul 10, 2015	J	45,165	A	Jul 10, 2015	Dec 1, 2018	Common Shares	45,165	45,165	D
Warrants (Right to Buy)^F1,F2,F3	$0.245	Jul 10, 2015	J	37,203	A	Jul 10, 2015	Dec 1, 2018	Common Shares	37,203	37,203	D
Warrants (Right to Buy)^F1,F2,F3	$0.22	Jul 10, 2015	J	170,373	A	Jul 10, 2015	Dec 1, 2018	Common Shares	170,373	170,373	D
Warrants (Right to Buy)^F1,F2,F3	$0.22	Jul 10, 2015	J	213,136	A	Jul 10, 2015	Dec 1, 2018	Common Shares	213,136	213,136	D
Warrants (Right to Buy)^F1,F2,F3	$0.22	Jul 10, 2015	J	214,108	A	Jul 10, 2015	Dec 1, 2018	Common Shares	214,108	214,108	D
Warrants (Right to Buy)^F1,F2,F3	$0.23	Jul 10, 2015	J	197,380	A	Jul 10, 2015	Dec 1, 2018	Common Shares	197,380	197,380	D
Warrants (Right to Buy)^F1,F2,F3	$0.24	Jul 10, 2015	J	194,344	A	Jul 10, 2015	Dec 1, 2018	Common Shares	194,344	194,344	D

Explanation of responses

F1The Issuer issued 1,085,297 bonus shares and 1,085,297 bonus warrants as partial consideration for cash advances made under the terms of loan agreements between the Issuer, i-minerals USA Inc. and BV Lending, LLC dated September 13, 2013 and February 18, 2015.
F2The bonus shares were issued for no additional consideration. The number of bonus shares and bonus warrants issued was based on the greater of the market price (as determined under the policies of the TSX Venture Exchange) of the Issuer's common shares on the date advances were made under the loan agreement and CDN$0.22, and adjusted based on the Bank of Canada noon rate on the date of the advance.
F3The bonus warrants are exercisable for common shares of the Issuer at prices ranging from CAD$0.22 to $0.245 per share as set forth in Column 2 of Table II expiring on the earlier of December 1, 2018 and the date the amount of the individual advance pursuant to which the bonus warrants were issued has been repaid in full.

Remarks

The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of any of the equity securities listed in this statement for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.