UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of JULY, 2004.
Commission File Number: 0-30464
IMA EXPLORATION INC.
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(Translation of registrant's name into English)
#709 - 837 West Hastings Street, Vancouver, British Columbia, V6C 3N6, Canada
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F: FORM 20-F [X] FORM 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): _______
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): _______
Indicate by check mark whether the registrant by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
YES [ ] NO [ ]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3- 2(b): 82-_____________
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf of the
undersigned, thereunto duly authorized.
IMA EXPLORATION INC.
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Date: JULY 15, 2004 /s/ Joseph Grosso
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Joseph Grosso,
President & CEO
IMA EXPLORATION INC.
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TERMINAL CITY CLUB TOWER,
SUITE709-837 WEST HASTINGS STREET,
VANCOUVER, BC, CANADA V6C 3N6
TEL: 604.687.1828 O FAX: 604.687.1858 O TOLL FREE: 800.901.0058
WWW.IMAEXPLORATION.COM O E-MAIL: INFO@IMAEXPLORATION.COM O TSX-V: IMR
[OBJECT OMITTED] [Company Logo]
July 15, 2004
VIA SEDAR
British Columbia Securities Commission Alberta Securities Commission
9th Floor, Pacific Centre 4th Floor, 300 - 5th Avenue SW
701 West Georgia Street Calgary, Alberta
Vancouver, British Columbia T2P 1L2
V7Y 1L2
Ontario Securities Commission
20 Queen Street West
Suite 1900
Toronto, Ontario
M5H 3S8
Dear Sirs:
IMA EXPLORATION INC. (THE "ISSUER") -
PLAN OF ARRANGEMENT -
NOTICE PURSUANT TO SECTION 4.9 OF NATIONAL INSTRUMENT 51-102
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We write pursuant to Section 4.9 of National Instrument 51-102 to advise that
effective July 7, 2004, the Issuer completed a Plan of Arrangement pursuant to
which certain of the Issuer's assets were spun out into another company called
Golden Arrow Resources Corporation, which is held by the same shareholders as
the Issuer.
In response to the specific items referred to in Section 4.9, we advise as
follows:
1. Names of Parties to the Transaction
IMA Exploration Inc.
Golden Arrow Resources Corporation
IMA Holdings Corp.
2. Description of the Transaction
Effective July 7, 2004, the Issuer will complete a statutory plan of
arrangement under the Business Corporations Act (British Columbia).
Under the terms of arrangement, and as a result of a series of
transactions and share exchanges, shareholders of the Issuer will
receive shares of a new issuer, Golden Arrow Resources Corporation,
which will hold certain mineral exploration properties previously held
by the Issuer. The Issuer's shareholders of record on July 7, 2004 will
receive approximately 4,080,545 common shares of Golden Arrow pro rata
in accordance with their current shareholdings of the Issuer's common
shares. The Issuer's common shares will continue to trade on the TSX
Venture Exchange (Tier 1). Golden Arrow's common shares will commence
trading on the TSX Venture Exchange (Tier 2) on July 9, 2004, and
accordingly, Golden Arrow will have become a reporting issuer effective
July 9, 2004. For further details, see the Issuer's Management Proxy
Circular dated May 14, 2004, which is available on the SEDAR website.
3. Effective Date of the Transaction
July 7, 2004
4. Names of Each Party, if Any, That Ceased to be a Reporting Issuer
Subsequent to the Transaction and of Each Continuing Entity.
No party ceased to be a reporting issuer after the transaction.
IMA Exploration Inc. was a reporting issuer before the transaction and
will continue to be a reporting issuer after the transaction.
Golden Arrow Resources Corporation was not a reporting issuer before
the transaction, but will be a reporting issuer after the transaction.
5. Date of the Reporting Issuer's Financial Year End Subsequent to the
Transaction.
IMA Exploration Inc. December 31st
Golden Arrow Resources Corporation December 31st
6. The Periods, including the comparative periods, if any, of the interim
and annual financial statements required to be filed for the reporting
issuer's first financial year subsequent to the transaction.
Date Comparative
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IMA EXPLORATION INC.
Interim September 30, 2004 September 30, 2003
Annual (audited) December 31, 2004 December 31, 2003
GOLDEN ARROW RESOURCES CORPORATION
Interim September 30, 2004 N/A
Interim March 31, 2005 N/A
Interim June 30, 2005 N/A
Annual (audited) December 31, 2004 N/A
Yours very truly,
IMA EXPLORATION INC.
/s/ ART LANG
PER:
ART LANG
CHIEF FINANCIAL OFFICER