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Inspiration Mining completes acquisition of Ursa Major Minerals' shares.

M2 EQUITYBITES-9 July 2010-Inspiration Mining completes acquisition of Ursa Major Minerals' shares(C)2010 M2 COMMUNICATIONS

Junior mining company Inspiration Mining Corporation (TSX:ISM) (Frankfurt:OI8) on Thursday completed the acquisition of an aggregate of 6,850,000 common shares of Ursa Major Minerals Incorporated.

As a result of the completion of the acquisition, the company now owns 6,850,000 common shares of Ursa Major Minerals, which reportedly represents 0.51% of the issued and outstanding common shares.

Inspiration Mining Corporation said that it had effected the transaction for investment purposes.

Inspiration Mining Corporation purchased the common shares through the facilities of the TSX.

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Publication:M2 EquityBites (EQB)
Date:Jul 9, 2010
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