Welcome to our dedicated page for Vanstar Mining Resources news (Ticker: VMNGF), a resource for investors and traders seeking the latest updates and insights on Vanstar Mining Resources stock.
Vanstar Mining Resources Inc. is a gold exploration company based in Montreal, Quebec. The company owns a 25% interest in the Nelligan project and is earning 75% into the Bousquet-Odyno project. Vanstar also owns properties in the Chicobi Group, Amanda property, Frida, and Eva properties. Recently, IAMGOLD Corporation acquired all of the issued and outstanding Vanstar Shares in a successful plan of arrangement, providing value to Vanstar Shareholders.
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Vanstar Mining Resources Inc. announces the successful completion of a plan of arrangement with IAMGOLD Corporation, where IAMGOLD acquired all Vanstar common shares. The consideration was 0.2008 IAMGOLD common shares for each Vanstar share, valuing each Vanstar share at C$0.69. The arrangement was approved by Vanstar shareholders and the court, leading to the expected delisting of Vanstar shares from various stock exchanges.
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Vanstar Mining Resources Inc. announces the overwhelming approval of the plan of arrangement with IAMGOLD Corporation by its shareholders. The arrangement implies a value of C$0.69 for each Vanstar Share, and it is expected to be completed in the middle of February, subject to customary closing conditions. Following completion, Vanstar Shares will be delisted from the TSX Venture Exchange, the OTCQX, and the Frankfurt Stock Exchange.
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Vanstar Mining Resources Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) is pleased to announce that it has mailed its management information circular dated January 4, 2024, to holders of common shares of Vanstar in connection with the special meeting to be held on February 6, 2024. Vanstar Shareholders will vote on a special resolution approving the Company's transaction with IAMGOLD Corporation, whereby IAMGOLD will acquire all of the issued and outstanding Vanstar Shares by way of a court-approved plan of arrangement. Shareholders will receive 0.2008 of an IAMGOLD common share for each Vanstar Share, representing a 74% premium to the 20-day VWAP of the Vanstar Shares on the TSX Venture Exchange as of December 1, 2023. The closing of the Arrangement is expected to be completed in the first quarter of 2024.
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Vanstar Mining Resources Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) has entered into a definitive arrangement agreement with IAMGOLD Corporation (NYSE:IAG) (TSX:IMG) for IAMGOLD to acquire all of Vanstar's issued and outstanding common shares, providing a 74% premium to the 20-day VWAP of the Vanstar Shares on the TSXV as of December 1, 2023. The total consideration payable by IAMGOLD based on the Consideration Value is approximately C$45 million on a fully diluted in-the-money basis. The Transaction is subject to shareholder and court approvals, as well as customary closing conditions, including regulatory approvals and third party consents.
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Vanstar Mining Resources Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) announces results from the 2023 diamond drill program on the Nelligan joint venture project. The Nelligan Gold project hosts Indicated Mineral Resources of 2.0 million ounces and Inferred Mineral Resources containing 3.6 million ounces of gold. The deposit remains open in all directions, showing significant growth potential. The exploration program has provided encouraging results, and drilling will resume early this winter.
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Vanstar Mining Resources Inc. announces start of prospecting program on Amanda project
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Vanstar Mining Resources Inc. has reached an agreement with Mosaic Minerals Corporation for the exploration of the Amanda property in Quebec for its lithium and gold potential. Mosaic will earn a 50% interest by spending $1 million in exploration expenditures and issuing 4 million shares to Vanstar over the next three years.
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The Power Play by The Market Herald has released new interviews with Independence Gold, Vanstar Mining, and Pan Global Resources. Independence Gold announces a proposed equity financing of up to $1.5 million. Vanstar reports expanded gold mineralization from winter drilling. Pan Global reports visible copper and tin mineralization from initial drilling at Romana West.
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FAQ
What is the market cap of Vanstar Mining Resources (VMNGF)?
The market cap of Vanstar Mining Resources (VMNGF) is approximately 28.9M.
Where is Vanstar Mining Resources Inc. based?
Vanstar Mining Resources Inc. is based in Montreal, Quebec.
What projects is Vanstar involved in?
Vanstar owns a 25% interest in the Nelligan project and is earning 75% into the Bousquet-Odyno project.
What properties does Vanstar own?
Vanstar owns properties in the Chicobi Group, Amanda property, Frida, and Eva properties.
What recent development has occurred with Vanstar Mining Resources Inc.?
IAMGOLD Corporation recently acquired all of the issued and outstanding Vanstar Shares in a successful plan of arrangement.
Who can Vanstar Shareholders contact for more information?
Vanstar Shareholders can contact JC St-Amour, President and CEO, at +1 (647) 296-9871 or jc@vanstarmining.com for more information.
Vanstar Mining Resources Inc.