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 MARCH , 2003 .
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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
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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): _______
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
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): _______
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant 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 of the
undersigned, thereunto duly authorized.
IMA Exploration Inc.
(Registrant)
Date March 14, 2003 By /s/ William Lee
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(Signature)
William Lee, Director and Chief Financial Officer
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1. Print the name and title of the signing officer under his signature.
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BC FORM 45-902F
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 223,500 common shares of
the Issuer, at a price of $0.84 per share, until March 7, 2008.
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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.
FULL NAME OF EXERCISE
PURCHASER AND PRICE PER LENGTH OF
MUNICIPALITY AND NUMBER OF SECURITY/TOTAL ANY RESTRICTED
JURISDICTION OF OPTIONS DATE OF PURCHASE PRICE EXEMPTION OR SEASONING
RESIDENCE GRANTED DISTRIBUTION (CDN $) RELIED ON PERIOD
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Keith Patterson 50,000 Mar.11/03* $0.84/ Sec.74(2)(9) 4 months
Vancouver, BC n/a of the Securities from date of
Act (British grant being
Columbia) Jul. 7/03
Diego Charchaflie 30,000 Mar.11/03* $0.84/ Sec.74(2)(9) 4 months
Vancouver, BC n/a of the Securities from date of
Act (British grant being
Columbia) Jul. 7/03
Juan Carlos Berretta 21,500 Mar.11/03* $0.84/ Sec.74(2)(9) 4 months
Coquitlam, BC n/a of the Securities from date of
Act (British grant being
Columbia) Jul. 7/03
Miguel Saldana 25,000 Mar.11/03* $0.84/ Sec.74(2)(9) 4 months
Lima, Peru n/a of the Securities from date of
Act (British grant being
Columbia) Jul. 7/03
Nick DeMare 25,000 Mar.11/03* $0.84/ Sec.74(2)(9) 4 months
Burnaby, BC n/a of the Securities from date of
Act (British grant being
Columbia) Jul. 7/03
William Lee 50,000 Mar.11/03* $0.84/ Sec.74(2)(9) 4 months
Delta, BC n/a of the Securities from date of
Act (British grant being
Columbia) Jul. 7/03
Armando Sanches 15,000 Mar.11/03* $0.84/ Sec.74(2)(9) 4 months
San Juan, Argentina n/a of the Securities from date of
Act (British grant being
Columbia) Jul. 7/03
Manuel Briones 7,000 Mar.11/03* $0.84/ Sec.74(2)(9) 4 months
Lima, Peru n/a of the Securities from date of
Act (British grant being
Columbia) Jul. 7/03
*March 11, 2003 is the date regulatory approval was received by the Issuer.
6. Disclose the following information in a schedule to the Form 45-902F. The
information in the schedule is not available to the public.
TELEPHONE
FULL NAME AND NUMBER
RESIDENTIAL AND E-MAIL TYPE OF SECURITY
ADDRESS ADDRESS OF AND EXEMPTION
OF PURCHASER PURCHASER NUMBER PURCHASED RELIED ON
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See attached Schedule "A".
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7. State the total dollar value (Cdn$) 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.
COMPENSATION PAID
NAME AND ADDRESS (NUMBER AND TYPE PRICE PER
OF PERSON BEING OF SECURITY AND/OR EXEMPTION SHARE
COMPENSATED CASH AMOUNT (CDN$) RELIED ON (CDN$)
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Not applicable.
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The undersigned hereby certifies that the statements made in this report are
true and correct.
DATED at Vancouver, BC, this 14th day of March, 2003.
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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)
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IT IS AN OFFENCE FOR A PERSON TO MAKE A STATEMENT IN A RECORD REQUIRED TO BE
FILED OR PROVIDED UNDER THE SECURITIES ACT OR SECURITIES RULES THAT, AT THE TIME
AND IN LIGHT OF THE CIRCUMSTANCES UNDER WHICH IT IS MADE, IS A
MISREPRESENTATION.
INSTRUCTION:
File this report with the British Columbia Securities Commission on or before
the 10th day after the distribution of the security with a completed Fee
Checklist and the required fee. In order to determine the fee payable, consult
item 19 of section 22 of the Securities Regulation, R.B.C. Reg. 196/197, as
amended. For calculating the fee payable, use the total dollar value of the
securities distributed in British Columbia set out in item 7 of this report.
Cheques should be made payable to the "British Columbia Securities Commission".
SCHEDULE "A"
FULL NAME AND RESIDENTIAL TELEPHONE NUMBER AND TYPE OF SECURITY
ADDRESS OF PURCHASER E-MAIL ADDRESS OF PURCHASER AND NUMBER PURCHASED EXEMPTION RELIED ON
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Keith Patterson Phone: 604-736-0078 50,000 incentive Sec. 74(2)(9) of the
#2 - 3356 West 2nd Avenue Email: kpatterson@telus.com stock options Securities Act
Vancouver, BC V6R 1J1 (British Columbia)
Diego Charchaflie Phone: 604-408-9308 30,000 incentive Sec. 74(2)(9) of the
705 - 1315 Bute Street Email: dcharcha@hotmail.com stock options Securities Act
Vancouver, BC V6E 2A4 (British Columbia)
Juan Carlos Berretta Phone: 604-936-0096 21,500 incentive Sec. 74(2)(9) of the
105 - 585 Austin Avenue Email: canarnet@aol.com stock options Securities Act
Coquitlam, BC V3K 3N2 (British Columbia)
Miguel Saldana Phone: 011 511 261 6175 25,000 incentive Sec. 74(2)(9) of the
CMPT Gustavo Jimenez #259 Email: miguelsaldana@telefonica.net.pe stock options Securities Act
Magdalena del Mar (British Columbia)
Lima 17 Peru
Nick DeMare Phone: 604-685-9316 25,000 incentive Sec. 74(2)(9) of the
4338 Frances Street Email: ndemare@chasemgt.com stock options Securities Act
Burnaby, BC V5C 2R3 (British Columbia)
William Lee Phone: 604-687-1828 50,000 incentive Sec. 74(2)(9) of the
4754 Wesley Drive Email: wlee@imaexploration.com stock options Securities Act
Delta, BC V4M 1W8 (British Columbia)
Armando Sanchez Phone: 011 54 264 420 1801 15,000 incentive Sec. 74(2)(9) of the
Jujuy 455 (Sur), 2 "A" Email: ajsancheznorte@interredes.com.ar.note stock options Securities Act
5400 San Juan, (British Columbia)
Argentina
Manuel Briones Phone: 011 511 441 0159 7,000 incentive Sec. 74(2)(9) of the
Manuel Banon 445 Email: mbriones@ec-red.com stock options Securities Act
San Isidro, Lima (British Columbia)
Peru