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Vanstar Mining Resources Inc. 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

Post by willyk3on Jan 14, 2024 12:25pm
157 Views
Post# 35825912

Finally figured out sedar

Finally figured out sedarand had a look at the proposal. Wish there were more info on the current shareholder base.&nbsp; Mgmt has 17 per cent of fully diluted shares and they have unanimously agreed to support the proposal. No other major shareholders so I guess its alot of public money.<br /> <br /> The background to the offer is an interesting read. Sure would love to know who exactly are company A and company B&nbsp; (Tho i can guess)&nbsp; Turns out there was a spinout proposal...but with the current structure I doubt there was much appetite to run such a company with the existing board?<br /> <br /> I would love to see a superior offer but if one does not come along I imagine I will vote for and just hold the IMG shares.&nbsp; We wait I guess ...havent heard much from the supposed big holders on this board
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