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iMetal Resources Inc.

10:07 AM EST - iMetal Resources Inc. : Announces that it has closed a non-brokered private placement for gross proceeds of $602,000. In connection with closing of the Placement, the Company issued 2,150,000 flow-through shares at a price of $0.28 per FT share. The FT Shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada). iMetal Resources Inc. shares V.IMR are trading up $0.01 at $0.23.