Form D On Watch I-Minerals $197044 Financing. W BARRY GIRLING Released Sep 28 Form D

I-Minerals Inc - W BARRY GIRLING

I-Minerals Financing

I-Minerals Inc, Corporation just filed form D regarding $197,044 equity financing. This is a new filing. I-Minerals was able to fundraise $98,522 so far. That is 50.00% of the financing offer. The total financing amount was $197,044. The fundraising form was filed on 2016-09-28. The reason for the financing was: Total Offering Amount equals the deemed issue price of 486,346 shares at C$0.2655/share, plus aggregate exercise price of 486,346 warrants at C$0.2655/share, converted at US$0.7630. There is no assurance that the warrants will be exercised.. The fundraising still has about $98,522 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

I-Minerals is based in British Columbia – Canada. The company’s business is not disclosed. The SEC form was filed by W BARRY GIRLING DIRECTOR. The company was incorporated more than five years ago. The filler’s address is: 880-580 Hornby Street, Vancouver, A1, British Columbia, Canada, V6c 3B6. Walter Barry Girling is the related person in the form and it has address: 880-580 Hornby Street, Vancouver, A1, British Columbia, Canada, V6c 3B6. Link to I-Minerals Filing: 000118374016000429.

Analysis of I-Minerals Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. I-Minerals sold 50.00% of the offering. The financing is still open. The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 96.77% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms raise funds for different reasons and needs. The minimum investment for this financing is set at $0. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For I-Minerals Also

The Form D signed by W BARRY GIRLING might help I-Minerals Inc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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