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Article: Forsys Retains Morgan Stanley to Assist With Strategic Review.

Article from:
Marketwire Canada
Article date:
October 14, 2009
Copyright

TORONTO, ONTARIO, Oct 14, 2009 (Marketwire via COMTEX) -- On August 25, 2009, Forsys Metals Corp ("Forsys" or the "Company") (TSX:FSY)(FRANKFURT:F2T)(NSX:FSY) updated shareholders that the previously announced transaction with George Forrest International Afrique S.P.R.L. ("GFI") had been terminated as a result of GFI failing to transfer the funds necessary to complete the arrangement on several occasions.

The Board of Directors has determined that it will now conduct a review of potential strategic alternatives (the "Strategic Review") and has hired Morgan Stanley & Co. as exclusive financial advisor to assist the Company in this regard.

The Strategic ...

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