Oct 2 (Reuters) - IMX Resources Ltd IXR.AX :
* Update on Termite Resources
* Says on 16 September 2015, IMX received a letter of demand from the liquidators of Termite
* Company believes that its liability in relation to the potential claim from Termite Liquidators will be limited to legal costs
* Legal costs are estimated to be approximately a maximum of $450,000
* Letter of demand provides notice of potential claim against certain directors and officers of Termite, including current IMX CEO Phil Hoskins
* IMX believes there is significant evidence which demonstrates that at all times they acted in the best interests of Termite shareholders
* Source text for Eikon ID:nASX4g5rD3