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 Announces Private Placement Of Up To $3 Million

VANCOUVER, April 30, 2015 VMS Ventures Inc. (TSX.V: VMS) (the “Company”) is pleased to announce that it has arranged a non-brokered private placement comprised of a combination of flow through shares (the “FT Shares”) at $0.275 per FT Share and non-flow through units (the “Units”) at a price of $0.25 per Unit for gross proceeds of up to $3,000,000.

Each Unit will consist of one common share and one common share purchase warrant in the capital of the Company (a “Warrant”). Each Warrant is exercisable into one common share of the Company for a period of 24 months from closing at a price of $0.30 per common share in the first year and a price of $0.35 in the second year.

The Company will pay to the finders a cash commission of 6% of the gross sales of FT Shares and Units and issue to finders 6% of the number of FT Shares and Units sold in finder’s warrants (the “Finder’s Warrants”), with each Finder’s Warrant being exercisable for 24 months at a price of $0.25 per common share. Marquest Capital Markets and Secutor Capital Management Corporation (collectively, the "Finders") have agreed to act as finders in connection with the offering. Officers and directors of the Corporation (collectively, the “Insiders”) are participating in the financing.

All the securities issuable will be subject to a four-month hold period from the date of closing.  The private placement is subject to the approval of the TSX Venture Exchange. 

The proceeds received from the FT Shares will be used by the Company for allowable Canadian exploration expenses and, in certain instances for the Manitoba Mineral Exploration Tax Credit. The proceeds from the Units will be used for general working capital.

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. VMS Ventures Inc. undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements


ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, B.Sc., CEO & President

VMS Ventures Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

VMS Ventures Inc.
Evan Sleeman, Director
(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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