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 AUGUST, 2006.
Commission File Number: 001-32558
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: August 10, 2006 /s/ Joseph Grosso
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Joseph Grosso,
President & CEO
IMA EXPLORATION INC.
(A Grosso Group Company)
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 American Stock Exchange: IMR
Frankfurt & Berlin Exchanges: IMT (WKN 884971)
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NEWS RELEASE - AUGUST 10, 2006
IMA ANNOUNCES LEGAL TEAM UPDATE FOR NAVIDAD APPEAL
IMA EXPLORATION INC. (IMR-AMEX , IMR-TSX.V) wishes to announce that it has
retained Leonard T. Doust, Q.C. of McCarthy Tetrault LLP, to lead the Company's
legal team in its appeal of the recent Supreme Court of British Columbia
decision concerning its ownership of Navidad. Mr. Doust has nearly 40 years of
experience in a wide variety of litigation, and is one of the most sought-after
and respected litigators in the country. He has appeared frequently before every
level of court in British Columbia, as well as in the Supreme Court of Canada.
On several occasions, Mr. Doust has acted as a Special Prosecutor for the
government of British Columbia, and as counsel to judges of British Columbia's
courts. Mr. Doust is a Life Bencher of the Law Society of British Columbia and a
Fellow of the American College of Trial Lawyers.
Joining our legal team is Mr. David Wingfield of Weir Foulds LLP (Toronto) who
has been involved as counsel in numerous high profile and significant cases and
specializes in complex litigation. IMA welcomes the addition of Mr. Wingfield
with his considerable litigation skills and expertise.
Under Mr. Doust's leadership, IMA's legal appeal team has been working and will
continue to work diligently towards a successful appeal of Madam Justice
Koeningsberg's judgment at trial and is now formulating the grounds of appeal
and the filings necessary for an early prosecution of the appeal.
Based on the intensive work completed to date, IMA's legal advisors are
optimistic as to the prospects of the Company's success on the appeal.
Joseph Grosso, President and Chief Executive Officer of the Company stated:
"I wish to thank our shareholders for their belief in and support for ima over
the last two years in relation to the navidad project. I hope that the vision
and support continues during these very challenging times. I am confident that
ima will win on appeal to confirm our ownership interest in Navidad. I extend,
on behalf of our Company and shareholders, our sincere gratitude and thanks to
our Argentinean management and employees. Their efforts have been a crucial
element in our 13 years of continuous operations in their country. We appreciate
the community support that we continue to receive while they also endure these
very trying times imposed upon them."
ON BEHALF OF THE BOARD
/s/ JOSEPH GROSSO
____________________________________________
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.
2006