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Vanstar Mining Resources Inc. VMNGF


Primary Symbol: V.VSR

Vanstar Mining’s Nelligan gold project joint venture with IAMGOLD (25% VSR/75% IMG), located 60 kilometres SW of Chibougamau, Quebec. Vanstar retains 25% undivided non-contributory carried interest until commercial production. Nelligan is one of Quebec’s largest gold projects containing approximately 5.6 Moz of gold. Vanstar has signed an LOI with IAMGOLD to acquire a 75% interest in their Bousquet-Odyno property. The project is 6km from IAMGOLD’S Westwood mine.


TSXV:VSR - Post by User

Comment by willyk3on Jan 24, 2024 7:45pm
88 Views
Post# 35844124

RE:RE:Voting

RE:RE:Voting Proxy deposit date is Feb 2 and to count your vote must be received  at least one business day before that..  So to be safe ..submit eloctronically by ..say Jan 31. I have not voted yet. 
 Fwiw ..got a phone call today reminding me that mgmt is overwhelmingly in favor of the deal and they could take my vote over the phone
Its not over till the ...well you know how it goes.

I am fairly certain that if a superior proposal were received before the deal was approved then Vanstar would have the right to terminate and IMG would have the right to match or rebid.  Of course that would activate the termination fee .
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