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EX-99.1 - NEWS RELEASE DATED JUNE 3, 2015. - I-Minerals Incexhibit99-1.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 3, 2015

I-MINERALS INC.
(Exact name of registrant as specified in its charter)

CANADA 000-55321 20-4644299
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
     
Suite 880, 580 Hornby Street
 Vancouver, BC
  V6E 3M4
(Address of principal executive offices)   (Zip Code)
     
Registrant's telephone number, including area code (877) 303-6573

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
 [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
 [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
 [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



SECTION 7 – REGULATION FD

ITEM 7.01         REGULATION FD DISCLOSURE.

On June 3, 2015, I-Minerals Inc. (the “Company”) issued a news release announcing that, in court-ordered mediation on May 28, 2015, the Company and Hoodoo Resources, LLC, and the Brent Thomson Family Trust (collectively, "the Plaintiffs") entered into an agreement in principle to settle the parties’ claims against one another.  The terms of the settlement include “the broadest release allowed by law” and require that all claims now existing, whether known or unknown, be dismissed with prejudice.  The settlement also includes an acknowledgement by the Plaintiffs that “I-Minerals is the sole owner of the” mineral Leases that are subject to the August 10, 2002 agreement, as amended, between the Company and IIM, and that the Company owns the mineral Leases “free and clear of all claims of the parties” to the lawsuit.

The agreement in principle is subject to Court approval.

This information is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. By filing this report on Form 8-K and furnishing this information, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01         FINANCIAL STATEMENTS AND EXHIBITS.

(d)        Exhibits

The following exhibits are either provided with this Current Report or are incorporated herein by reference:

Exhibit
Number
Description of Exhibit
99.1 News Release dated June 3, 2015.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


  I-MINERALS INC.
Date: June 3, 2015  
  By: /s/ Thomas Conway
    Thomas Conway
    Chief Executive Officer and President