SEC FORM 4

SEC Form 4

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^*

BV NATURAL RESOURCES, LLC

(Last)

(First)

(Middle)

P.O. BOX 51298

(Street)

IDAHO FALLS

83405

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
I-Minerals Inc [ 1,405,663 ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
COMMON SHARES	07/10/2015		J⁽¹⁾		13,588	A	$0.18⁽¹⁾⁽²⁾	25,353,701	D
COMMON SHARES	07/10/2015		J⁽¹⁾		45,165	A	$0.18⁽¹⁾⁽²⁾	25,398,866	D
COMMON SHARES	07/10/2015		J⁽¹⁾		37,203	A	$0.19⁽¹⁾⁽²⁾	25,436,069	D
COMMON SHARES	07/10/2015		J⁽¹⁾		170,373	A	$0.17⁽¹⁾⁽²⁾	25,606,442	D
COMMON SHARES	07/10/2015		J⁽¹⁾		213,136	A	$0.17⁽¹⁾⁽²⁾	25,819,578	D
COMMON SHARES	07/10/2015		J⁽¹⁾		214,108	A	$0.17⁽¹⁾⁽²⁾	26,033,686	D
COMMON SHARES	07/10/2015		J⁽¹⁾		197,380	A	$0.18⁽¹⁾⁽²⁾	26,231,066	D
COMMON SHARES	07/10/2015		J⁽¹⁾		194,344	A	$0.19⁽¹⁾⁽²⁾	26,425,410	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrants (Right to Buy)	$0.23⁽³⁾	07/10/2015		J⁽¹⁾		13,588		07/10/2015	12/01/2018⁽³⁾	Common Shares	13,588	$0⁽¹⁾⁽²⁾	13,588	D
Warrants (Right to Buy)	$0.23⁽³⁾	07/10/2015		J⁽¹⁾		45,165		07/10/2015	12/01/2018⁽³⁾	Common Shares	45,165	$0⁽¹⁾⁽²⁾	45,165	D
Warrants (Right to Buy)	$0.245⁽³⁾	07/10/2015		J⁽¹⁾		37,203		07/10/2015	12/01/2018⁽³⁾	Common Shares	37,203	$0⁽¹⁾⁽²⁾	37,203	D
Warrants (Right to Buy)	$0.22⁽³⁾	07/10/2015		J⁽¹⁾		170,373		07/10/2015	12/01/2018⁽³⁾	Common Shares	170,373	$0⁽¹⁾⁽²⁾	170,373	D
Warrants (Right to Buy)	$0.22⁽³⁾	07/10/2015		J⁽¹⁾		213,136		07/10/2015	12/01/2018⁽³⁾	Common Shares	213,136	$0⁽¹⁾⁽²⁾	213,136	D
Warrants (Right to Buy)	$0.22⁽³⁾	07/10/2015		J⁽¹⁾		214,108		07/10/2015	12/01/2018⁽³⁾	Common Shares	214,108	$0⁽¹⁾⁽²⁾	214,108	D
Warrants (Right to Buy)	$0.23⁽³⁾	07/10/2015		J⁽¹⁾		197,380		07/10/2015	12/01/2018⁽³⁾	Common Shares	197,380	$0⁽¹⁾⁽²⁾	197,380	D
Warrants (Right to Buy)	$0.24⁽³⁾	07/10/2015		J⁽¹⁾		194,344		07/10/2015	12/01/2018⁽³⁾	Common Shares	194,344	$0⁽¹⁾⁽²⁾	194,344	D

Explanation of Responses:

1. The Issuer issued 1,085,297 bonus shares and 1,085,297 bonus warrants as partial consideration for cash advances made under the terms of loan agreements between the Issuer, i-minerals USA Inc. and BV Lending, LLC dated September 13, 2013 and February 18, 2015.

2. The bonus shares were issued for no additional consideration. The number of bonus shares and bonus warrants issued was based on the greater of the market price (as determined under the policies of the TSX Venture Exchange) of the Issuer's common shares on the date advances were made under the loan agreement and CDN$0.22, and adjusted based on the Bank of Canada noon rate on the date of the advance.

3. The bonus warrants are exercisable for common shares of the Issuer at prices ranging from CAD$0.22 to $0.245 per share as set forth in Column 2 of Table II expiring on the earlier of December 1, 2018 and the date the amount of the individual advance pursuant to which the bonus warrants were issued has been repaid in full.

Remarks:

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.

	BV Natural Resources, LLC by its authorized signatory	07/20/2015
	** Signature of Reporting Person	Date
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