SEC Form 4 · accession 0001534122-17-000001
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
Sep 21, 2016
Accepted (ET)
Jan 3, 2017 · 2:54 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 SHARESF2 | Sep 21, 2016 | J | 393,058 | $0.19 | A | 32,086,210 | D | |
| COMMON SHARESF3 | Sep 21, 2016 | J | 93,288 | $0.24 | A | 32,179,498 | D | |
| COMMON SHARES | Dec 5, 2016 | M | 87,818 | $0.14 | A | 32,267,316 | D | |
| COMMON SHARES | Dec 5, 2016 | M | 76,723 | $0.14 | A | 32,344,039 | D | |
| COMMON SHARES | Dec 5, 2016 | M | 122,142 | $0.11 | A | 32,466,181 | D | |
| COMMON SHARES | Dec 5, 2016 | M | 667,520 | $0.11 | A | 33,133,701 | D | |
| COMMON SHARES | Dec 5, 2016 | M | 104,119 | $0.13 | A | 33,237,820 | D | |
| COMMON SHARES | Dec 5, 2016 | M | 111,762 | $0.15 | A | 33,349,582 | 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,F4 | $0.19 | Sep 21, 2016 | J | 393,058 | A | Sep 21, 2016 | Dec 31, 2018 | Common Shares | 393,058 | 393,058 | D |
| Warrants (Right to Buy)F1,F3,F4 | $0.24 | Sep 21, 2016 | J | 93,288 | A | Sep 21, 2016 | Dec 31, 2018 | Common Shares | 93,288 | 93,288 | D |
| Warrants (Right to Buy) | $0.11 | Dec 5, 2016 | X | 18,699 | D | Nov 26, 2013 | Dec 1, 2016 | Common Shares | 18,699 | 0 | D |
| Warrants (Right to Buy)F4 | $0.11 | Dec 5, 2016 | X | 155,342 | D | Mar 15, 2013 | Dec 1, 2016 | Common Shares | 155,342 | 0 | D |
| Warrants (Right to Buy)F4 | $0.11 | Dec 5, 2016 | X | 76,752 | D | Apr 24, 2013 | Dec 1, 2016 | Common Shares | 76,752 | 0 | D |
| Warrants (Right to Buy)F4 | $0.11 | Dec 5, 2016 | X | 86,985 | D | Jun 13, 2013 | Dec 1, 2016 | Common Shares | 86,985 | 0 | D |
| Warrants (Right to Buy)F4 | $0.11 | Dec 5, 2016 | X | 178,761 | D | Jul 31, 2013 | Dec 1, 2016 | Common Shares | 178,761 | 0 | D |
| Warrants (Right to Buy)F4 | $0.11 | Dec 5, 2016 | X | 150,981 | D | Sep 3, 2013 | Dec 1, 2016 | Common Shares | 150,981 | 0 | D |
| Warrants (Right to Buy)F5 | $0.11 | Dec 5, 2016 | X | 122,142 | D | Jan 23, 2013 | Dec 1, 2016 | Common Shares | 122,142 | 0 | D |
| Warrants (Right to Buy)F6 | $0.13 | Dec 5, 2016 | X | 104,119 | D | Jul 11, 2013 | Dec 1, 2016 | Common Shares | 104,119 | 0 | D |
| Warrants (Right to Buy)F7 | $0.14 | Dec 5, 2016 | X | 76,723 | D | Dec 3, 2012 | Dec 1, 2016 | Common Shares | 76,723 | 0 | D |
| Warrants (Right to Buy)F8 | $0.14 | Dec 5, 2016 | X | 87,818 | D | Nov 5, 2012 | Dec 1, 2016 | Common Shares | 87,818 | 0 | D |
| Warrants (Right to Buy)F9 | $0.15 | Dec 5, 2016 | X | 111,762 | D | Oct 3, 2013 | Dec 1, 2016 | Common Shares | 111,762 | 0 | D |
Explanation of responses
- F1The Issuer issued to the Reporting Person BV Natural Resources, LLC an additional 486,346 bonus shares and an additional 486,346 non-transferable bonus warrants in respect of cash advances totaling $1,300,000 US made pursuant to certain loan agreements. The bonus warrants are exercisable at prices ranging from $0.255 Cdn. to $0.310 Cdn., and will expire on the earlier of December 31, 2018 and the date the amount of the individual advance pursuant to which the bonus warrants were issued, together with all accrued interest thereon, has been repaid in full.
- F2$0.255 CAD deemed purchase price converted to USD based on the Bank of Canada's noon rate of exchange of $0.7584 USD for every $1.00 CAD as of September 21, 2016.
- F3$0.310 CAD deemed purchase price converted to USD based on the Bank of Canada's noon rate of exchange of $0.7584 USD for every $1.00 CAD as of September 21, 2016.
- F4CAD$0.14 exercise price converted to USD based on the Bank of Canada's noon rate of exchange of $0.7995 at February 27, 2015.
- F5CAD$0.14266 exercise price converted to USD based on the Bank of Canada's noon rate of exchange of $0.7995 at February 27, 2015.
- F6CAD$0.165 exercise price converted to USD based on the Bank of Canada's noon rate of exchange of $0.7995 at February 27, 2015.
- F7CAD$0.17 exercise price converted to USD based on the Bank of Canada's noon rate of exchange of $0.7995 at February 27, 2015
- F8CAD$0.17223 exercise price converted to USD based on the Bank of Canada's noon rate of exchange of $0.7995 at February 27, 2015.
- F9CAD$0.185 exercise price converted to USD based on the Bank of Canada's noon rate of exchange of $0.7995 at February 27, 2015.
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.