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 OCTOBER, 2008.
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: October 30, 2008 /s/ Joseph Grosso
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Joseph Grosso,
President & CEO
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 American Stock Exchange: IMR
Frankfurt Stock Exchanges: IMT (WKN884971)
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NEWS RELEASE - OCTOBER 30, 2008
THE RULE FAMILY TRUST ACQUIRES MORE SHARES OF IMA EXPLORATION INC.
IMA EXPLORATION INC. (IMR-AMEX, IMR-TSX.V) ("IMA" or the "Company") is pleased
that the Rule Family Trust continues to buy shares of the company and now holds
10,094,100 common shares representing 19.36 percent of IMA's outstanding common
shares (as press released October 28, 2008). The Rule Family Trust owns Global
Resource Investments Ltd., a full service brokerage firm that focuses on natural
resource investments worldwide. Led by Chairman Rick Rule, the company has built
an international reputation for its specialist expertise in sourcing global
investment opportunities in the mining, oil and gas, alternative energy,
agriculture, forestry, and water industries.
The company knows of the excellent track record of Mr. Rule over the more than
25 years of investing in the natural resource sector. Like IMA's management, Mr.
Rule has lived through and thrived during many market cycles and he sees IMA as
a well-positioned company offering fundamental value in this economic phase.
"We are very excited to have such a successful resource investor build a larger
position in our company and for us to have the ability to call on his expertise
and contacts within the sector. We will make full use of Mr. Rule's advice"
stated Joseph Grosso, president and chief executive officer of IMA. "Current
market conditions offer unprecedented investment and acquisition opportunities
at vastly discounted prices. Rick's market knowledge and reputation combined
with our company's significant cash position will lead IMA towards its goal of
increasing shareholder value."
IMA is a Vancouver based exploration company with over $23M in its treasury. The
acquisition of the Island Copper Project is Phase I of IMA's business strategy
and aligns with the Company's objective to acquire projects that contain
established resources, near-term cash flow and offer significant opportunities
for expansion through continued exploration. A PowerPoint presentation on the
project is available on the Company's web site (www.imaexploration.com).
ON BEHALF OF THE BOARD
/s/Joseph Grosso
__________________________________
Mr. Joseph Grosso, President & CEO
NEWS RELEASE OCTOBER 30, 2008
IMA EXPLORATION INC. PAGE 2
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For further information please contact Joseph Grosso, President & CEO, or Keir
Reynolds, Manager, Corporate Communications, 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.
2008 NUMBER 9