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 Inc. Sells a Portion of Share Holdings in North American Nickel Inc.

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.
 
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.


ON BEHALF OF THE BOARD OF DIRECTORS
 
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.
 
Contact Information:

VMS Ventures Inc.
Evan Sleeman, Director and Corporate Secretary
(604) 986-2020 or
Toll Free: 1-866-816-0118

 

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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