{"schema_version":"secwatch.filing_event.v1","accession":"0001472375-23-000037","form_type":"8-K","ticker":null,"cik":"0001405663","company_name":"I-Minerals Inc","filed_at":"2023-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.788736+00:00","generated_at":"2026-06-18T11:21:20.008886+00:00","sec_items":["2.01","5.07","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"I-Minerals completes sale of i-minerals USA to BV Lending; company now has no assets other than cash","bullets":["Shareholders approved disposition with 97.37% special resolution and 84.71% majority-of-minority vote.","Consideration: cancellation of ~$25.7M intercompany debt, set-off of $3M debt, and transfer of remaining ~$32.4M debt; company now debt-free except $450k promissory note.","After sale, company has no mineral properties and only cash on hand; plans to file Form 15 to terminate SEC reporting.","BV Lending is an affiliate of BV Natural Resources LLC, which beneficially owns 39.4% of I-Minerals shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001472375-23-000037","json":"https://secwatch.observer/filing/0001472375-23-000037.json","markdown":"https://secwatch.observer/filing/0001472375-23-000037.md","text":"https://secwatch.observer/filing/0001472375-23-000037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1405663/000147237523000037/0001472375-23-000037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1405663/000147237523000037/ixform8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T11:21:20.008886+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"19aa951c84549b008eeccbb912c23f7514f561f7","claim":"I-Minerals Inc completed a disposition involving BV Lending LLC for US$3 million (closed 2023-03-03).","evidence_excerpt":"resulting in the cancellation of the indebtedness. • At the closing of the Disposition, the Company sold the shares of i-minerals USA to BV Lending for an amount equal to US$3 million (the “Share Value”). • The Share Value was satisfied by BV Lending on a non-cash basis by the set off of US$3 million of debt owed by the Company to BV Lending (the “Set Off”). •","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1405663/000147237523000037/0001472375-23-000037-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"BV Lending LLC"},{"label":"Consideration","value":"US$3 million"},{"label":"Closing","value":"2023-03-03"}],"fact_type":"ma_transaction"},{"claim_id":"612cc05cb9c0a1a33bd628a7a776996e33f1408c","claim":"I-Minerals Inc shareholders approved Continuance to British Columbia at the 2023-03-02 meeting.","evidence_excerpt":"Continuance to British Columbia 44,273,063 (97.55%) 1,111,273 (2.45%)","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1405663/000147237523000037/0001472375-23-000037-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-03-02"}],"fact_type":"shareholder_vote"},{"claim_id":"6902f8b1251cd6a591038129775d40927de9a205","claim":"I-Minerals Inc shareholders approved Election of Directors at the 2023-03-02 meeting.","evidence_excerpt":"Directors John Theobald 45,224,933 (99.65%) 159,403 (0.35%) Barry Girling 45,203,933 (99.60%) 180,403 (0.40%) Gary Childress 45,261,933 (99.73%) 122,403 (0.27%) Wayne Moorhouse 45,261,933 (99.73%) 122,403 (0.27%)","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1405663/000147237523000037/0001472375-23-000037-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-03-02"}],"fact_type":"shareholder_vote"},{"claim_id":"98dd93f991d9dd633d06d82671de071f1cc281db","claim":"I-Minerals Inc shareholders approved Disposition special resolution at the 2023-03-02 meeting.","evidence_excerpt":"Disposition special resolution (two-thirds majority) 44,188,746 (97.37%) 1,195,590 (2.63%)","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1405663/000147237523000037/0001472375-23-000037-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-03-02"}],"fact_type":"shareholder_vote"},{"claim_id":"9b87a0cee704322cf8fd3e1dcd298d8fc13319c1","claim":"I-Minerals Inc shareholders approved Appointment of BDO Canada LLP at the 2023-03-02 meeting.","evidence_excerpt":"Appointment of BDO Canada LLP 51,299,164 (100.00%) 20 (0.00%)","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1405663/000147237523000037/0001472375-23-000037-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-03-02"}],"fact_type":"shareholder_vote"},{"claim_id":"c682bb7267bd0944736dd58ddfb39a68cdadc48f","claim":"I-Minerals Inc shareholders approved Majority of the minority vote under MI 61-101 at the 2023-03-02 meeting.","evidence_excerpt":"Majority of the minority vote (ordinary resolution) under MI 61-101 6,622,856 (84.71%) 1,195,590 (15.29%)","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1405663/000147237523000037/0001472375-23-000037-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-03-02"}],"fact_type":"shareholder_vote"},{"claim_id":"cc1b09f6cf08d15bf5d6845de9f4a0658fc7a31d","claim":"I-Minerals Inc shareholders approved Stock Option Plan at the 2023-03-02 meeting.","evidence_excerpt":"Stock Option Plan 44,544,693 (98.15%) 839,643 (1.85%)","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1405663/000147237523000037/0001472375-23-000037-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-03-02"}],"fact_type":"shareholder_vote"},{"claim_id":"d5d072844e62990562a38319a1b142bbd8aaca0d","claim":"I-Minerals Inc shareholders approved Number of Directors at the 2023-03-02 meeting.","evidence_excerpt":"Number of Directors 45,308,486 (99.83%) 75,850 (0.17%)","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1405663/000147237523000037/0001472375-23-000037-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-03-02"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}