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 31, 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 31, 2008
IMA FILES EARLY WARNING REPORT
IMA EXPLORATION INC. (IMR-AMEX, IMR-TSX.V) ("IMA") announced that on October 29,
2008, it has acquired 5,583,333 units (the "Units") of Blue Sky Uranium Corp.
(TSX-V: BSK) (the "Company"), which constitutes approximately 15% of the issued
and outstanding common shares of the Company. Each Unit consists of one common
share (a "Share") and one common share purchase warrant (a "Warrant") and each
Warrant will entitle IMA to purchase one additional Share of the Company for a
period of 2 years from the date of closing at an exercise price of $0.18 per
Share during the first year and $0.20 per Share during the second year. IMA now
has ownership and control over a total of 8,333,333 Shares of the Company which
represents approximately 22% of the issued and outstanding Shares of the
Company. Assuming the exercise of Warrants held by the IMA, IMA will own
approximately 36% of the partially diluted Shares of the Company.
The Units were acquired pursuant to a private placement at $0.12 per Unit for an
aggregate price of $699,999. The Units were acquired to effect a change of
control in the Company. IMA may increase or decrease its ownership of the
Company's securities depending on future economic or market conditions and has
the right to maintain its percentage interest through proportionate investments
in future financings. IMA is relying on the accredited investors' exemption
pursuant to section 2.3 of National Instrument 45-106 for the purchase of the
Units.
A copy of the Early Warning Report has been filed with applicable securities
commissions and can be found at www.sedar.com
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 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