By Sheri Kasprzak
New York, Sept. 12 - IMA Exploration Inc. has closed a private placement, including an over-allotment option, for C$10,000,020.
The company sold a total of 3,333,340 units at C$3.00 each, including 833,340 units sold under a greenshoe exercised by a syndicate of placement agents led by Canaccord Capital Corp. and including Paradigm Capital Inc. and First Associates Investments Inc.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$3.45 each through Sept. 14, 2009.
The offering was first announced Aug. 17 as a C$7.5 million deal composed of up to 2.5 million units under the same terms.
Based in Vancouver, B.C., IMA is a gold exploration company.
| Issuer: | IMA Exploration Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$10,000,020
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| Units: | 3,333,340 (includes greenshoe for 833,340)
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| Price: | C$3.00
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Sept. 14, 2009
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| Warrant strike price: | C$3.45
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| Placement agents: | Canaccord Capital Corp. (lead), Paradigm Capital Inc., First Associates Investments Inc.
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| Pricing date: | Aug. 17
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| Settlement date: | Sept. 12
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| Stock price: | C$3.20 at close Aug. 17
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| Stock price: | C$3.24 at close Sept. 12
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