Vancouver, BC, June 17, 2015 – VMS Ventures Inc. (TSX-V: VMS) (“VMS Ventures” or the “Company”) announces it has sold 11,904,762 common shares of North American Nickel Inc. (“NAN”) through a private transaction to Sentient Global Resources Fund IV L.P, at a price of $0.21 per share for aggregate gross proceeds of $2,500,000.02. The Company also announces the exercise of 4,505,572 common share purchase warrants of NAN at $0.21 per share.
ON BEHALF OF THE BOARD OF DIRECTORS
VMS Ventures will remain a significant shareholder of NAN and on the completion of the above transactions will hold approximately 16.9% of the outstanding common shares of NAN.
About VMS Ventures Inc.
VMS Ventures is a mining and mineral exploration company currently in partnership with Hudbay on the producing Reed mine near Flin Flon, Manitoba. VMS Ventures holds a 30% interest in the Reed mine which is operated by Hudbay and achieved full production during Q2 of 2014. In addition, VMS Ventures is exploring a large prospective property package in Manitoba. The Company is actively evaluating new growth opportunities to build on the success achieved at Reed. The Company also holds approximately 16.9% of the shares of North American Nickel (NAN: TSX.V) which is exploring a new district scale nickel-copper-cobalt PGE deposit belt in S.W. Greenland.
John Roozendaal, B.Sc., Interim CEO and President
VMS Ventures Inc.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
VMS Ventures Inc.
Evan Sleeman, Director and Corporate Secretary
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