SEC Form 4 · accession 0001534122-16-000080
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
Dec 15, 2015
Accepted (ET)
Jan 6, 2016 · 6:19 pm EST
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON SHARESF1,F2 | Dec 15, 2015 | J | 2,948,431 | $0.18 | A | 29,373,841 | D | |
| COMMON SHARESF2,F3 | Jan 5, 2016 | J | 198,750 | $0.17 | A | 29,572,591 | D | |
| COMMON SHARESF2,F3 | Jan 5, 2016 | J | 287,987 | $0.18 | A | 29,860,578 | D | |
| COMMON SHARESF2,F3 | Jan 5, 2016 | J | 126,843 | $0.17 | A | 29,987,421 | D | |
| COMMON SHARESF2,F3 | Jan 5, 2016 | J | 133,231 | $0.16 | A | 30,120,652 | 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)F2,F4 | $0.19 | Jan 5, 2016 | J | 198,750 | A | Jan 5, 2016 | Dec 31, 2018 | Common Shares | 198,750 | 198,750 | D |
| Warrants (Right to Buy)F2,F4 | $0.19 | Jan 5, 2016 | J | 192,206 | A | Jan 5, 2016 | Dec 31, 2018 | Common Shares | 192,206 | 192,206 | D |
| Warrants (Right to Buy)F2,F4 | $0.19 | Jan 5, 2016 | J | 126,843 | A | Jan 5, 2016 | Dec 31, 2018 | Common Shares | 126,843 | 126,843 | D |
| Warrants (Right to Buy)F2,F4 | $0.16 | Jan 5, 2016 | J | 133,231 | A | Jan 5, 2016 | Dec 31, 2018 | Common Shares | 133,231 | 133,231 | D |
| Warrants (Right to Buy)F2,F4 | $0.21 | Jan 5, 2016 | J | 95,781 | A | Jan 5, 2016 | Dec 31, 2018 | Common Shares | 95,781 | 95,781 | D |
Explanation of responses
- F1The Issuer issued 2,948,431 shares at a deemed price of CAD$0.252 (approx. USD$0.18) per share in settlement of CAD$743,005 (approx. USD$541,205) accrued interest, which transaction is exempt under Rule 16b-3(d) of the Securities Exchange Act of 1934.
- F2The Issuer issued 746,811 bonus shares and 746,811 bonus warrants as partial consideration for cash advances made under the terms of a loan agreement between the Issuer, i-minerals USA Inc. and BV Lending, LLC dated February 18, 2015, which transaction is exempt under Rule 16b-3(d) of the Securities Exchange Act of 1934.
- F3The bonus shares were issued for no additional consideration at deemed prices ranging from CAD$0.22 to CAD$0.255 per share.
- F4The bonus warrants are exercisable for common shares of the Issuer at prices ranging from CAD$0.22 to CAD$0.291 per share expiring on the earlier of December 31, 2018 and the date the amount of the individual advance pursuant to which the bonus warrants were issued has been repaid in full.
Remarks
Prices above reflect US dollar amounts converted from Canadian dollar amounts. 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.