Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (41958)	8/24/2009 4:33:40 PM
From: LoneClone	Read Replies (1) \| Respond to of 193039

IMA Exploration Inc. Letter from the President Mon Aug 24, 9:10 AM ca.news.finance.yahoo.com Dear Shareholders, On behalf of IMA’s Management and the Board of Directors, and as the driving force behind the merger, I am delighted to enthusiastically endorse the proposed combination of IMA Exploration Inc., Kobex Resources Ltd. and International Barytex Resources Ltd. The acquisition of these companies by IMA is about coming together to pursue and acquire world-class mining projects and create value for the combined shareholders. IMA’s Management and Board believe that the merged company’s future focus needs to be on development of advanced mining projects which can achieve, in short order, a bankable feasibility and production cash flow. Our shareholders will inherently benefit from these acquisitions as it will create a company with financial staying power. IMA’s Management and Board are excited about combining the three companies and putting in place an accomplished management team and board of directors who will have substantial cash to make exciting project acquisitions and the expertise to take projects into production (see news release dated July 16, 2009). Dr. Roman Shklanka, who will lead the new company, is a member of the Mining Hall of Fame. He has extensive experience in the acquisition, development and the selling of projects for higher multiples. His previous world-class financial successes include the acquisition and development of the Bulyanhulu gold deposit in Tanzania which was purchased by Barrick Gold for $550 million and the Onca Puma Nickel Project in Brazil purchased by CVRD for $950 million. We at IMA wish to convey our enthusiasm to the shareholders in the creation of the combined entity as a premier mining company which will have: \|p $44 million in cash, sufficient for the company’s new focus, to attract the highest caliber projects with the potential to reach multi-billion dollar value when fully developed, the credibility needed to source new projects and the ability to raise the needed funds for development, the ability to become a major player in the industry, \|p Mr. Rick Rule’s pledged support of the merged company and the stellar new board of directors’ financing objectives. On behalf of Management and the Board, we highly endorse these acquisitions which will result in a effective merger and ask for your positive vote of approval on September 25, 2009 so that the reorganization can quickly be underway. Respectfully, “Joseph Grosso” Mr. Joseph Grosso, President & CEO For further information please contact Joseph Grosso, President & CEO, or 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 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.