Welcome To The Ursa Major Minerals HUB On AGORACOM

Producing Ni, Cu, Co, Pt, Pd, Au, Ag in Sudbury Open pit, 80+ million lbs Ni and 85 million lbs Cu Processing agreements with Xstrata Nickel

Free
Message: More UMJ accumulation now at 19.86% of the issued and outstanding

Never heard anymore on the "cleanout meeting" for the UMJ BOD? So I wonder where they stand with that objective as well?

http://www.inspirationmining.com/news.html?id=175

INSPIRATION MINING REQUESTS SPECIAL MEETING OF SHAREHOLDERS OF URSA MAJOR MINERALS INCORPORATED

FOR IMMEDIATE RELEASE

November, 01 2010 TSX - ISM Frankfurt- OI8

Toronto, Ontario - Inspiration Mining Corporation ("Inspiration" or the "Corporation") wishes to announce that pursuant to section 105 of the Business Corporations Act (Ontario), the Corporation has submitted a requisition for the calling of a special meeting of shareholders of Ursa Major Minerals Incorporated ("Ursa"). The purpose of the meeting is the election of a new slate of directors to be
nominated by the Corporation. The Corporation currently owns 9,388,500 common shares or 14.36% of the issued and outstanding shares of Ursa.

Mr. Randy Miller, the Chief Executive Officer of the Corporation, states "Given that the current share price of Ursa does not appropriately reflect it’s true value, we believe a new slate of directors would be a critical first step in exploiting Ursa’s significant assets and in addition, would better allow for the evaluation of synergistic opportunities that may be presently available."

The Corporation will provide shareholders with regular updates with respect to this matter.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new
circumstances.

For further information, please contact Ian Stewart, President and COO of the Company, at tel: 416-842-9000, www.inspirationmining.com

For Investor Relations call:
Gale Capital Corporation
Ph. 604.221.7604
Fax 604.221.7606
galecapital@shaw.ca

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Share
New Message
Please login to post a reply