Image Resources gains new big investor 14:49, Monday, October...

Image Resources gains new big investor
14:49, Monday, October 29, 2007

Sydney - Monday - October 29: (RWE Australian Business News) -
Image Resources (ASX:IMA) reports a new investor has taken a significant
position on its register in a strategic move by Image directed at
underpinning its mineral sands production aspirations.
An international investor, introduced to Image Resources NL by
Singaporean bankers following their recent field trip to the Cooljarloo
and Cooljarloo North mineral sand projects, has become the 5th ranking
shareholder after acquiring some 4 million shares ahead of the record
date for bonus shares in the proposed Emu Nickel float, the date of
which has yet to be determined.
It is important that shareholders understand that the potential
value of the 1 for 2 bonus Emu Nickel shares is significant (i.e. one
free Emu Nickel share for each two Image shares held). It is recommended
that professional advice be taken in relation to holding and buying
Image shares prior to the record date in order to benefit from the bonus
issue, particularly in the context of the takeover bid by Xstrata for
Jubilee Mines as announced this morning.