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Gold/Mining/Energy : IMA Exploration (VSE:IMR) - IMR.V -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (413)	9/16/1999 3:06:00 PM
From: Gary E. Johnson	Respond to of 520

IMA EXPLORATION INC. VSE SYMBOL: IMR imaexploration.com info@imaexploration.com 1-800-901-0058 PRIVATE PLACEMENT ANNOUNCED September 15, 1999 Mr. William Lee, Chief Financial Officer, is pleased to announce a private placement of up to 1,500,000 units at a price of $0.60 per unit. Each unit comprises one common share and one non-transferable share purchase warrant. Each non-transferable share purchase warrant will entitle the holder to purchase one additional common share in the capital of the Company for a period of one year from the date of issue at an exercise price of $0.75 per share. The proceeds of the private placement will be used for working capital purposes and future exploration expenses. The above private placement is subject to acceptance for filing by the Vancouver Stock Exchange. ON BEHALF OF THE BOARD "William Lee" ___________________ William Lee, Chief Financial Officer Suite 709 - 837 West Hastings Street Terminal City Club Tower, Vancouver, B.C. V6C 3N6 tel: (604) 687-1828 o fax: (604) 687-1858 o toll free: 1-800-901-0058 The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. 1999 Number 14 ************************************** FOR FURTHER INFORMATION PLEASE CONTACT: Sean Hurd Investor Relations T: (604) 687-1828 or (800) 901-0058 shurd@imaexploration.com ************************************** The information contained herein is under no circumstances to be construed as an offer to sell or a solicitation to buy any securities mentioned.

To: Claude Cormier who wrote (413)	9/16/1999 3:13:00 PM
From: Alexei Nabukov	Read Replies (1) \| Respond to of 520

The more money they can raise the better, this is a very tough market to raise money and I think the PP news shows great strength for IMA. How many other Jr's out there have raised a penny for grassroots projects in this market? Very, very few, maybe none. A little dilution is a small price to pay, I was happy to see the news. You're right, if a discovery is made it won't matter about the dilution. Still not much stock out there and I'll sleep better knowing they have more money for exploration. Who is doing this financing? Al