I-Minerals Inc. Appoints Wayne Moorhouse to Its Board of Directors
08 1월 2014 - 11:00PM
Marketwired
I-Minerals Inc. Appoints Wayne Moorhouse to Its Board of Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 8, 2014) -
I-Minerals Inc. (TSX-VENTURE:IMA) (PINKSHEETS:IMAHF) (the
"Company") announces that it has appointed Wayne Moorhouse to its
Board of Directors. Mr. Moorhouse has extensive experience with
public companies and has acted as the CFO, Corporate Secretary or
President of a number of TSX and TSX Venture Exchange listed
resource companies and their subsidiaries, including Roxgold Inc.,
Silvermex Ltd., Genco Resources Ltd., Andover Ventures Inc. and
Stealth Energy Inc. His background includes public company
reporting, mine development, operations, mine finance, contract
negotiations, community and government relations, corporate
governance and mergers and acquisitions. Mr. Moorhouse is currently
the CFO of Midnight Sun Mining Corporation and a director of Source
Exploration Corp.
The Company also announces that it has re-constituted its Audit
Committee, which now consists of directors Barry Girling, Gary
Childress and Wayne Moorhouse.
About I-Minerals
I-Minerals is developing multiple deposits of high purity-high
value halloysite, quartz, potassium feldspar and kaolin at its
strategically located Helmer-Bovill property in western Idaho. A
2013 Prefeasibility Study completed by SRK Consulting (USA) Inc.
highlights the potential of the Helmer-Bovill property: after tax
NPV6 of $150 million; 28% IRR; 3 year payback and $67 million
initial CAPEX; $84 million CAPEX including life of mine sustaining
capital. Ongoing development work is focused on upgrading the
probable reserve to a proven reserve as the Company moves through
the feasibility process towards production.
I-Minerals Inc.
Thomas M. Conway, President & CEO
This News Release includes certain "forward looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995. Without limitation, statements
regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward
looking statements that involve various risks. Actual results could
differ materially from those projected as a result of the following
factors, among others: changes in the world wide price of mineral
market conditions, risks inherent in mineral exploration, risk
associated with development, construction and mining operations,
the uncertainty of future profitability and uncertainty of access
to additional capital.
NEITHER THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX-VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS NEWS RELEASE.
I-Minerals Inc.Barry Girling877-303-6573 or
604-303-6573info@imineralsinc.comwww.imineralsinc.com
I Minerals (TSXV:IMA)
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