Inspiration Distributes Shares of Nitinat Minerals Corporation
TORONTO, ONTARIO -- (Marketwire) -- 09/22/10 -- Further to its press release dated April 7, 2010, Inspiration Mining Corporation (the 'Company') (TSX: ISM)(FRANKFURT: OI8) is pleased to announce that it has received regulatory approval for the distribution of the 2,673,581 common shares (the 'Shares') of Nitinat Minerals Corporation ('Nitinat'). The Shares, which will not be subject to any resale restrictions, have been mailed to the shareholders eligible to receive them.
Shareholders of record as at July 30, 2007 will receive the Shares on a pro rata basis based on the respective number of common shares in the capital of the Company held by the shareholders on July 30, 2007.
Forward Looking Statements
This news release contains 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'anticipated', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Inspiration Mining Corporation
Randy Miller
President of the Corporation
416.842.9000
www.inspirationmining.com
For Investor Relations call:
Gale Capital Corporation
604.221.7604
604.221.7606 (FAX)
galecapital@shaw.ca