FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of OCTOBER , 2002
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IMA Exploration Inc.
(Translation of registrant's name into English)
0-30464
(SEC File Number)
#709 - 837 West Hastings Street, Vancouver, British Columbia, V6C 3N6
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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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
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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 by the
undersigned, thereunto duly authorized.
IMA Exploration Inc.
(Registrant)
Date October 18, 2002 By /s/ William Lee
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(Signature)*
Name: William Lee
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Title: Director
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*Print the name and title of the signing officer under his signature.
BC FORM 45-902F (Formerly Form 20)
Securities Act
Report Of Exempt Distribution
1. State the full name, address and telephone number of the issuer of the
security distributed.
IMA EXPLORATION INC. (the "Issuer")
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Name of issuer
#709 - 837 West Hastings Street, Vancouver, BC, V6C 3N6
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Address
(604) 687-1828
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Telephone Number
2. State whether the issuer is or is not an exchange issuer and, if reporting,
the jurisdictions in which it is reporting.
British Columbia, Alberta and Ontario
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3. State whether the issuer is listed or quoted on any stock exchange or
trading or quotation system and, if so, which stock exchange or trading or
quotation system.
The Issuer is listed and trading on the TSX Venture Exchange.
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4. Describe the type of security and the aggregate number distributed. If the
security is convertible or exchangeable, describe the type of underlying
security, the terms of exercise or conversion and any expiry date.
Incentive stock options for the purchase of up to 540,000 common shares of
the Issuer, at a price of $0.50 per share, until September 23, 2007.
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5. Provide the following information for each type of security distributed.
Consult Multilateral Instrument 45-102 Resale of Securities to determine
what restricted or seasoning period applies to the security.
Exercise
price per Length of any
Full name of purchaser and security/total restricted or
municipality and jurisdiction of Number of Date of purchase price Exemption seasoning
residence options granted distribution (Cdn $) relied on period
------------------------------- --------------- ------------ -------------- --------- --------------
Keith Patterson 50,000 Oct.18/02* $0.50/ Sec.74(2)(9) 4 months
Vancouver, BC n/a of the Securities from date of
Act (British grant or
Columbia) Jan.23/03
Allan Montgomery 20,000 Oct.18/02* $0.50/ Sec.74(2)(9) 4 months
Burnaby, BC n/a of the Securities from date of
Act (British grant or
Columbia) Jan.23/03
/
- 2 -
Nikolaos Cacos 100,000 Oct.18/02* $0.50/ Sec.74(2)(9) 4 months
Vancouver, BC n/a of the Securities from date of
Act (British grant or
Columbia) Jan.23/03
Robert Brown 50,000 Oct.18/02* $0.50/ Sec.74(2)(9) 4 months
W. Vancouver, BC n/a of the Securities from date of
Act (British grant or
Columbia) Jan.23/03
Nick DeMare 50,000 Oct.18/02* $0.50/ Sec.74(2)(9) 4 months
Burnaby, BC n/a of the Securities from date of
Act (British grant or
Columbia) Jan.23/03
Jack Caplan 2,500 Oct.18/02* $0.50/ Sec.74(2)(9) 4 months
W. Vancouver, BC n/a of the Securities from date of
Act (British grant or
Columbia) Jan.23/03
Evelyn Grosso 67,500 Oct.18/02* $0.50/ Sec.74(2)(9) 4 months
Burnaby, BC n/a of the Securities from date of
Act (British grant or
Columbia) Jan.23/03
Joseph Grosso 200,000 Oct.18/02* $0.50/ Sec.74(2)(9) 4 months
Burnaby, BC n/a of the Securities from date of
Act (British grant or
Columbia) Jan.23/03
*October 18, 2002 is the date regulatory approval was received by the Issuer.
6. Disclose the following information in a schedule to the Form 45-902F. The
information in the schedule is not available to the public.
Full name and residential address of Telephone number and e-mail Type of security and
purchaser address of purchaser number purchased Exemption relied on
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See attached Schedule "A".
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7. State the total dollar value (Cdn$) of the securities distributed by the
issuer to purchasers resident in British Columbia. This total dollar value
must be used for calculating the fee payable for filing this report with
the British Columbia Securities Commission.
Nil, grant of incentive stock options.
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8. Provide the following information for each person who is being compensated
in connection with the distribution(s) of the security. When disclosing
compensation paid or to be paid, include discounts, commissions or other
fees or payments of a similar nature directly related to the distribution.
Do not include payments for services incidental to the trade, such as
clerical, printing, legal or accounting services.
If the compensation is in the form of a security, include the exemption
under which the security is being distributed. If the security is being
distributed on a later date, the issuer must file a separate Report of
Distribution with the applicable filing fee.
Name and Address of Compensation paid (number and type of Exemption relied on Price Per
person being compensated security and/or cash amount (CDN$) Share (CDN$)
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Not applicable. Not applicable. Not applicable. Not applicable.
The undersigned hereby certifies that the statements made in this report are
true and correct.
DATED at Vancouver, BC, this 25th day of October, 2002.
IMA EXPLORATION INC.
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Name of issuer (please print)
/s/ William Lee
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Signature of authorized signatory
William Lee, Director
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Name and office of authorized signatory
(please print)
SCHEDULE A
(OMITTED FOR THE PURPOSE OF THIS FILING AS IT CONTAINS INFORMATION NOT AVAILABLE
TO THE PUBLIC.)