Vanstar is Considering New Alternatives
(firmenpresse) - LA PRAIRIE, QUEBEC -- (Marketwired) -- 06/23/15 -- In an effort to improve its market capitalization, the management of Vanstar Mining Resources Inc. (TSX VENTURE: VSR) (the "Company" or "Vanstar") is currently considering different alternatives outside of mining, namely to transfer its activities towards high technology and mobile applications.
Management feels that financial markets and investors are more receptive to companies that operate in these high growth industries.
"Unfortunately, the mining sector offers fewer growth opportunities in the short and medium term, which is not the case for high technology companies. We believe that mobile applications can generate a regular stream of revenues and improve our market capitalization". mentioned Mr. Guy Morissette, CEO of Vanstar.
Management has no intention to roll back its shares. If a change of business occurs, the Nelligan project, which is under option with IAMGOLD, will remain in Vanstar but the remaining mining properties will be sold.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Source :
Vanstar Mining Resources Inc.
Guy Morissette, CEO
819-762-5035 office
819-763-5096 cell
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Unternehmensinformation / Kurzprofil:
Datum: 23.06.2015 - 12:30 Uhr
Sprache: Deutsch
News-ID 402355
Anzahl Zeichen: 0
contact information:
Town:
LA PRAIRIE, QUEBEC
Kategorie:
Mining & Metals
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"Vanstar is Considering New Alternatives"
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