BRIEF-I-minerals negotiates new loan agreement

Fri Sep 2, 2016 9:22am EDT
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Sept 2 (Reuters) - I-minerals Inc :

* I-Minerals inc. negotiates new loan agreement

* Announces that it has negotiated a new loan agreement with a company controlled by its president Allan Ball

* Minerals -under the agreement all funding provided by lender pursuant to previous loan agreements would be consolidated into new loan agreement

* Under new loan agreement up to an additional $2.7 million will be advanced to company by lender in tranches Source text for Eikon: Further company coverage: