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Image Resources (ASX:IMA) Opes Prime Overhang Eradicated
Perth, Apr 7, 2008 (ABN Newswire) - Image Resources (ASX: IMA) is pleased to announce that all the Company's shares subject to Opes Prime margin lending facilities have been sold in an orderly fashion.
Managing Director, George Sakalidis said the prompt sale of the overhanging shares demonstrated strong levels of support from both international and local investors.
The operations of the Company have been unaffected by these events. The next step in the Company's continuing growth is the release of its preliminary North Perth Basin resource statement which is anticipated within the next month.
No other directors are exposed to margin loan arrangements secured by IMA shares.
About IMAGE RESOURCES NL
Image Resources is an active, innovative, Australian-based mineral explorer with a substantial portfolio of gold, nickel and mineral sand prospects in Western Australia. Incorporated in 1994, Image was formed to utilise an extensive Australian aeromagnetic database compiled over many years by the Company's founders. Image has used this powerful and unique data set, together with the experience and interpretive skills of its management, to acquire a range is prospects with high mineral potential.
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