I-Minerals announces debt settlement to fund feasibility study
Published: Tuesday, 09 June 2015
The company is starting to think about raising capital to build its kaolin-halloysite-quartz-potassium feldspar project in Idaho, as it announces that its FS loan agreement is going to plan. I-Minerals predicts that commercial production could start around mid-2017.
Vancouver-based explorer I-Minerals Inc.
has announced a debt settlement on a loan agreement with a firm
controlled by Allen Ball, a director of the company, in order
to help fund its feasibility study (FS) for the
company’s Bovill Kaolin project in
I-Minerals has elected to have accrued...