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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

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  • TalhaseeX
Post by Talhaseeon Jan 26, 2024 1:22am
208 Views
Post# 35846479

Pending Deal

Pending DealMy vote will be NO.,  This was a very bad deal for VSR shareholders.  Management and BOD are the only ones to benefit and pad their pockets should this deal go through. Interesting how Moore came in and bought so many shares, must have known an offer was coming from IMG.
Don't see any other bidders coming in as they are too nervous with IMG's African proerty (just too risky)
Go back to the table JC and BOD and bring us a better deal, we have all waited a long time for this little gem.
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