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Image Resources (ASX:IMA) Clarification of Disclosures Lodged by ASX:ANZ
Perth, May 14, 2008 (ABN Newswire) - The Board of Image Resources (ASX:IMA)(PINK: IMREF) notes that ANZ no longer holds any securities in IMA on account of the Opes Prime matter. All shares held by ANZ in such a capacity were disposed of in an orderly manner with substantial assistance from IMA's board (refer to IMA ASX announcements on 2 April, 7 April and 8 April 2008).
IMA acknowledges that the ANZ Bank has lodged two disclosures, the first in relation to a Form 603 "Notice of Becoming a Substantial Holder" and the second in relation to a Form 605 "Notice of Ceasing to be a Substantial Holder".
In IMA's opinion, these two disclosures are unclear as to the events which have transpired over the last months as effected by the Opes Prime debacle. The inclusion of extensive annexures serves to confuse what is now a finalised position.
The board wishes to re-iterate that the Opes Prime matter has been finalised with the support of both international and local investors.
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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