VMS Ventures Inc. (TSX.V:VMS) is a mining and mineral exploration company currently in partnership with Hudbay Minerals on the producing Reed mine near Flin Flon Manitoba. VMS holds a 30% interest in the Reed mine which is operated by Hudbay Minerals and achieved full production in 2014.

 

 

Latest News Release

VMS Ventures agreement for Assean Lake property

2015-03-26 15:06 PT - Property Agreement

 

The TSX Venture Exchange has accepted for expedited filing documentation of a purchase and sale agreements dated March 17, 2015, between VMS Ventures Inc., NGEx Resources Inc. and Harvest Gold Corp., whereby the company may acquire in total a 100-per-cent interest in the Assean Lake gold claims in Manitoba.

 

The agreements with NGEx (as to a 60-per-cent interest in the property) and Harvest (as to a 40-per-cent interest in the property) provide for consideration as follows:

  • Upon acceptance of the transaction by the exchange, the company must pay NGEx $15,000 and issue 600,000 shares, and it also must pay Harvest $140,000.
  • Upon the earlier to occur of the completion of a preliminary economic assessment, a prefeasibility study or a feasibility study on the property, the company must issue a further 600,000 shares to NGEx and 100,000 shares to Harvest.
  • Upon the commencement of commercial production from the property, the company must issue a further 600,000 shares to NGEx and a further 100,000 shares to Harvest.

For further information please refer to the company's news release dated Feb. 16, 2015.

 

 

Legal Notice / Disclaimer

 

This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

 

Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.

 

Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

 

Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.


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