The Financial Post reports in its Tuesday edition that Ursa Major Minerals has a market cap of $10-million and its stock price is down by more than 40 per cent this year. The Post's Barry Critchley, writing in Off the Record, says Inspiration Mining Corp. and Forbes & Manhattan Inc. are leading the proxy charge that will be decided at next week's annual meeting. The three parties have a history. Inspiration is a nickel mining exploration company and also Ursa's major shareholder. Forbes & Manhattan is a merchant bank. Last January, it made a "binding" offer to make a $3.3-million investment in Ursa, an offer that was turned down in favour of a deal F&M says was done on "inferior" terms. F&M followed up with another "material investment proposal" in April. The two have now issued a 30-page dissident circular, the front page of which focuses on Ursa's share price over the past seven years. On Monday, Ursa filed its response to the dissident circular under the banner, "Don't let the dissidents destroy the value of your company." It argued it had laid the foundation for bringing the company to commercial production and that it now operates the country's only profitable junior nickel mine.