VANCOUVER, BC--(Marketwired - July 21, 2016) - I-Minerals Inc. (TSX VENTURE: IMA) (OTCQB: IMAHF) ("I-Minerals") is pleased to announce that it has appointed John Theobald to its Board of Directors. Mr. Theobald, a resident of London, England, brings capital markets, senior management expertise and industrial minerals marketing experience to I-Minerals and is expected to be a regular contributor to the day to day operations of the company and its longer term success.
Mr. Theobald has over thirty-five years in the international mining industry and has been involved with exploration, business development, operations, investments and capital markets. Most recently he was a director of ASX listed High Peak Royalties Ltd, director, CEO & COO of London and TSX listed royalty company Anglo Pacific Group plc, and served as Chairman of First Coal Corporation which was successfully sold to Xstrata plc for C$147 million. From 1999 to 2008 he held a number of senior positions with Sibelco, a major industrial minerals group, where he gained significant experience of kaolin, feldspar, clay and quartz markets and operations. Mr. Theobald has a B.Sc. with Honours in Geology from the University of Nottingham, is a Chartered Engineer with the UK Engineering Council, Fellow of the Institute of Materials Minerals and Mining (UK) and Member of the Institute of Directors (UK).
"As we move I-Minerals through the final permitting hurdles and deeper into production financing discussions, it is of great benefit to all of our shareholders and stakeholders to strengthen our team with the addition of John Theobald," stated Thomas Conway, President and CEO of I-Minerals. "There are few individuals out there with the unique skill set John brings to the table, most notably industrial minerals experience, and everyone at I-Minerals looks forward to working with him going forward."
per: "Thomas M. Conway"
Thomas M. Conway,
President & CEO
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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.