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 FEBRUARY, 2005.
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 [X]
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: FEBRUARY 17, 2005 /s/ Joseph Grosso
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Joseph Grosso,
President & CEO
BC FORM 51-102F3
MATERIAL CHANGE REPORT
1. NAME AND ADDRESS OF COMPANY
IMA Exploration Inc. (the "Issuer")
#709 - 837 West Hastings Street
Vancouver, BC
V6C 3N6
Phone: (604) 687-1828
2. DATE OF MATERIAL CHANGE
February 17, 2005
3. PRESS RELEASE
The press release was released on February 17, 2005 through various
approved public media and filed with the TSX Venture Exchange and the
British Columbia, Ontario, Alberta and Quebec Securities Commissions.
4. SUMMARY OF MATERIAL CHANGE(S)
See attached press release for details.
5. FULL DESCRIPTION OF MATERIAL CHANGE
See attached press release for details.
6. RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102
Not Applicable
7. OMITTED INFORMATION
Not Applicable
8. EXECUTIVE OFFICER
Joseph Grosso
Phone: (604) 687-1828
9. DATE OF REPORT
February 17, 2005.
IMA EXPLORATION INC.
Suite 709 - 837 West Hastings Street,
Terminal City Club Tower,
Vancouver, B.C. V6C 3N6
Tel: 604-687-1828 Fax: 604-687-1858 Toll Free: 800-901-0058
Internet: www.imaexploration.com E-mail: info@imaexploration.com
TSX Venture Exchange: IMR OTC Bulletin Board: IMXPF
Frankfurt & Berlin Exchanges: IMT (WKN 884971)
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NEWS RELEASE FEBRUARY 17, 2005
WORLD CLASS MINING EXECUTIVE JOINS IMA
TO DEVELOP ITS 100% OWNED NAVIDAD SILVER DEPOSIT
IMA EXPLORATION INC.'s President & C.E.O., Mr. Joseph Grosso, proudly announces
the appointment of Eng. Augusto Baertl, former President of mining giant
Antamina, as President & C.E.O. of IMA Latin America, based in Lima Peru. Mr.
Baertl will be responsible for the development of IMA's 100% owned Navidad
silver deposit in Argentina.
He will bring with him a lifetime of mining development experience and a
knowledge of Latin American culture that will be extremely valuable in working
with Argentineans. He will work in conjunction with Inversiones Mineras
Argentinas S.A. ("IMASA") President Eng. Carlos D'Amico and with the existing
technical geological team led by Dr. Paul Lhotka, who will continue with his
excellent exploration program to prove more value.
As the former President of Compania Minera Antamina, Mr. Baertl successfully
conducted the exploration, development, construction and start up of the world
class Antamina deposit (owned by Noranda Inc.33.75%, BHP Billiton 33.75%, Teck
Cominco Corporation 22.5% and Mitsubishi Corporation 10%; and, estimated to
contain an in-pit resource of 530 million tonnes grading 1.22% copper, 1.0%
zinc, and 13.7 grams/tonne of silver). Development of Antamina involved a
capital investment of US$2.2 Billion and under Mr. Baertl's leadership, Antamina
was operational ahead of schedule, under budget and in strict compliance with
international social and environmental standards. With a milling rate of 70,000
tonnes per day, Antamina is among the largest producers of copper and zinc
concentrates in the world.
A graduate from the Mining Engineering School of Mines of the Universidad
Nacional de Ingenieria, Peru. Mr. Baertl has also completed management programs
at the Kellogg's Graduate School of Management at Northwestern University and
the Senior Management Program at Harvard University. Mr. Baertl is well known
within the international mining community and comes from one of Peru's most
prominent mining families, who led the development of the MILPO Mining
Corporation. At MILPO, Mr. Baertl held several positions including President and
CEO.
Currently Mr. Baertl serves on the board of the Canada-Peru Chamber of Commerce.
He also serves on the boards of Interbank, FIMA, the National Mining, Oil and
Energy Association. In addition, he is currently serving as Chairman of the
Board of Horizonte Corporativo and Avanzando Juntos, two important non-profit
organizations.
NEWS RELEASE FEBRUARY 17, 2005
IMA EXPLORATION INC. PAGE 2
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In recognition of his professional accomplishments he received the following
awards: the 2003 Peru Engineers Association's Award of Recognition for
Institutional Achievement; Businessman of the Year in 2001 by the Instituto
Peruano de Administracion; and, Business Man of the Century in 1999 awarded by
the Universidad Nacional de Ingenieria.
ON BEHALF OF THE BOARD
/s/ Joseph Grosso
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Mr. Joseph Grosso, President & CEO
For further information please contact Joseph Grosso, President & CEO, or Sean
Hurd, Vice President Investor Relations, at 1-800-901-0058 or 604-687-1828, or
fax 604-687-1858, or by email info@imaexploration.com, or visit the Company's
web site at http://www.imaexploration.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or the accuracy of this release. CAUTIONARY NOTE TO US INVESTORS:
This news release may contain information about adjacent properties on which we
have no right to explore or mine. We advise U.S. investors that the SEC's mining
guidelines strictly prohibit information of this type in documents filed with
the SEC. U.S. investors are cautioned that mineral deposits on adjacent
properties are not indicative of mineral deposits on our properties. This news
release may contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and conditions
and therefore involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.
2005 NUMBER 5