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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 blueskieson Apr 13, 2022 10:22am
111 Views
Post# 34600072

RE:RE:Buyout

RE:RE:BuyoutAgreed a buyout offer from IMG is the most likely outcome. As for timing though, I expect it won't come until after the current drilling results are out. No point in making an offer until shareholders have full information available to consider before voting yes or no. The resource update isn't needed before an offer but I believe the current drilling results are, otherwise IMG would be operating off information not available to the market.
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