The Special Committee of URSA Major carefully and objectively reviewed its options respecting Inspiration Mining Corporation's ("Inspiration") third attempt to wrestle control of the Company from its shareholders and presented Inspiration with a settlement offer. The offer was an invitation for Inspiration to have two representatives on the Board of Directors, including a seat on the Special Committee, which would be instrumental in helping determine the future strategic direction of the Company. Unfortunately, Inspiration rejected the offer.

Mr. Bhalla said, "While we will continue our efforts to resolve this situation for the benefit of everyone, it is our priority to ensure that we are providing the best possible service to you, our shareholders. In this regard, we will uphold our commitment to producing and expanding our resources in Ontario."



Read more: http://www.benzinga.com/pressreleases/11/05/m1122320/ursa-major-minerals-files-management-information-circular-support-your-#ixzz1NwTdToBD