FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
I-Minerals Inc [ IMAHF ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/21/2016 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
COMMON SHARES | 09/21/2016 | J(1) | 393,058 | A | $0.19(2) | 32,086,210 | I | By BV Natural Resources, LLC | ||
COMMON SHARES | 09/21/2016 | J(1) | 93,288 | A | $0.24(3) | 32,179,498 | I | By BV Natural Resources, LLC | ||
COMMON SHARES | 12/05/2016 | M | 87,818 | A | $0.14 | 32,267,316 | I | By BV Natural Resources, LLC | ||
COMMON SHARES | 12/05/2016 | M | 76,723 | A | $0.14 | 32,344,039 | I | By BV Natural Resources, LLC | ||
COMMON SHARES | 12/05/2016 | M | 122,142 | A | $0.11 | 32,466,181 | I | By BV Natural Resources, LLC | ||
COMMON SHARES | 12/05/2016 | M | 667,520 | A | $0.11 | 33,133,701 | I | By BV Natural Resources, LLC | ||
COMMON SHARES | 12/05/2016 | M | 104,119 | A | $0.13 | 33,237,820 | I | By BV Natural Resources, LLC | ||
COMMON SHARES | 12/05/2016 | M | 111,762 | A | $0.15 | 33,349,582 | I | By BV Natural Resources, LLC |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Warrants (Right to Buy) | $0.19(2) | 09/21/2016 | J(1) | 393,058 | 09/21/2016 | 12/31/2018(4) | Common Shares | 393,058 | $0(1) | 393,058 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.24(3) | 09/21/2016 | J(1) | 93,288 | 09/21/2016 | 12/31/2018(4) | Common Shares | 93,288 | $0(1) | 93,288 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.11(4) | 12/05/2016 | X | 18,699 | 11/26/2013 | 12/01/2016 | Common Shares | 18,699 | $0 | 0 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.11(4) | 12/05/2016 | X | 155,342 | 03/15/2013 | 12/01/2016 | Common Shares | 155,342 | $0 | 0 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.11(4) | 12/05/2016 | X | 76,752 | 04/24/2013 | 12/01/2016 | Common Shares | 76,752 | $0 | 0 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.11(4) | 12/05/2016 | X | 86,985 | 06/13/2013 | 12/01/2016 | Common Shares | 86,985 | $0 | 0 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.11(4) | 12/05/2016 | X | 178,761 | 07/31/2013 | 12/01/2016 | Common Shares | 178,761 | $0 | 0 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.11(4) | 12/05/2016 | X | 150,981 | 09/03/2013 | 12/01/2016 | Common Shares | 150,981 | $0 | 0 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.11(5) | 12/05/2016 | X | 122,142 | 01/23/2013 | 12/01/2016 | Common Shares | 122,142 | $0 | 0 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.13(6) | 12/05/2016 | X | 104,119 | 07/11/2013 | 12/01/2016 | Common Shares | 104,119 | $0 | 0 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.14(7) | 12/05/2016 | X | 76,723 | 12/03/2012 | 12/01/2016 | Common Shares | 76,723 | $0 | 0 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.14(8) | 12/05/2016 | X | 87,818 | 11/05/2012 | 12/01/2016 | Common Shares | 87,818 | $0 | 0 | I | By BV Natural Resources, LLC | |||
Warrants (Right to Buy) | $0.15(9) | 12/05/2016 | X | 111,762 | 10/03/2013 | 12/01/2016 | Common Shares | 111,762 | $0 | 0 | I | By BV Natural Resources, LLC |
Explanation of Responses: |
1. The Issuer issued to the 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. |
2. $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. |
3. $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. |
4. CAD$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. |
5. CAD$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. |
6. CAD$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. |
7. CAD$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. |
8. CAD$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. |
9. CAD$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. |
Allen L. Ball | 12/21/2016 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |