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TSX listed company completes private placement investment in the face of shareholder requisition to replace incumbent board of directors

  • Cassels Brock & Blackwell LLP
  • -
  • Canada
  • -
  • March 11 2011

On March 6, 2011, the Ontario Superior Court of Justice released a decision dismissing an oppression application brought by Inspiration Mining Corporation against Cassels Brock's client, Ursa Major Minerals Incorporated, in which Inspiration sought to reverse a private placement andor restrict the voting rights of the private placees