I was wondering if any "opportunistic parties" are even aware of the company and what it does? Keeping that Micon report close to your chest until a "plan" is in place? Heck release the hounds, you can't be pregnant forever can we? Here's to an interesting November. IMHO
Inspiration Retains Clarus Securities as Financial Advisor
FOR IMMEDIATE RELEASE
| October, 15 2009 |
TSX - ISM Frankfurt- OI8 |
Toronto, Ontario - Inspiration Mining Corporation (the "Company") announces that it has retained Clarus Securities Inc. ("Clarus") to assist in a review of the Company’s strategic alternatives to enhance value for the shareholders. Together with Clarus, the Company is reviewing all options that will enable it to unlock value.
The Company is of the opinion that the current share price does not accurately reflect the true value of the Company’s assets and accordingly is reviewing all of its options should an opportunistic party decide to take advantage of the low share price and launch a take over bid. One option being implemented is the adoption of a shareholders' rights plan ("SRP") which will protect the interests of the Company’s shareholders. Any adoption of a SRP will require shareholder and TSX approval.
Mr. Randy Miller, the President of the Company, states "We are excited about having Clarus as our partner as we look for opportunities to unlock the true value of the Company's assets. The current market cap is not indicative of the true intrinsic value of the Company and with the assistance of Clarus; we believe that we can unlock the real value of the Company's assets."
For further information, please contact Randy Miller, President of the Company, at tel: 905.853.7400, www.inspirationmining.com
For Investor Relations call:
Gale Capital Corporation
Ph. 604.221.7604
Fax 604.221.7606
galecapital@shaw.ca
