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 14, 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 14, 2005
3. PRESS RELEASE
The press release was released on February 14, 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 14, 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 14, 2005
FRIVOLOUS LAWSUIT SLOWS CANADIAN COMPANY'S DEVELOPMENT OF
WORLD CLASS SILVER DISCOVERY
IMA EXPLORATION INC. announces that the Company has offered $100,000 - "nuisance
value" - to Aquiline Resources Inc. to settle their ongoing lawsuit. "We have
offered Aquiline a nuisance value sum to put this nonsense behind us," explained
Mr. Grosso. "We have to get back to running our company and focus our energies
on the development of Navidad, our extraordinary silver discovery in Argentina".
IMA announced the discovery of its 100% owned Navidad silver project in
Patagonia, Argentina, in March 2003. To date, IMA has defined an Indicated
Resource of 268 million ounces of silver and 1.1 million tonnes of lead (50 g/t
cut off, 80.8 M tonnes at 103 g/t silver and 1.45% lead), quickly making it one
of the world's largest and purest silver deposits. In a suit filed in British
Columbia in March 2004, Aquiline alleged IMA used confidential information to
acquire Navidad.
"There is absolutely nothing to the claim," Mr. Grosso said. "If this ever gets
to court, we are confident it will be thrown out. But we have a responsibility
to our shareholders and we must focus on making the potential of Navidad a
reality, not on legal fees to fight opportunistic lawsuits."
IMA is well financed to continue to test the numerous exploration targets at
Navidad with significant drill programs. The Company has over 10 years
experience in Argentina and is dedicated to the exploration and development of
socially, economically and environmentally responsible mining opportunities.
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.
2005 NUMBER 4