VMS Ventures Inc.
TSX VENTURE : VMS

VMS Ventures Inc.

July 28, 2015 10:36 ET

VMS Ventures Inc. Patrick Evans and Blair Schultz Join VMS Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased to announce the appointment of Patrick Evans and Blair Schultz to the VMS Ventures Board of Directors as of July 09, 2015 at the Company's annual general meeting (the "Meeting") of shareholders.

The shareholders ratified and approved the number of directors at eight (8) and Gary Ostry, John Roozendaal, Don Whalen, Mark Fedikow, Patrick Evans, Blair Schultz, Wes Roberts and Jay Butterworth were elected as directors of the Company for the ensuing year. Morgan & Company LLP were re-appointed as auditors; and shareholders defeated the Company's Rolling Stock Option Plan as detailed in the Management Information Circular dated as of June 2, 2015.

Following the annual general meeting, the board of directors re-appointed John Roozendaal as President & Interim CEO, Gary Ostry as Chairman, Cheryl Messier as CFO, Neil Richardson as COO, Mark Fedikow as V.P. Exploration and Technical Services and Evan Sleeman as Corporate Secretary.

President & Interim CEO John Roozendaal states "We are very pleased that Mr. Evans and Mr. Schultz have accepted the invitation to join the VMS Board of Directors. As their bio's below indicate, both directors bring a wealth of knowledge and success in corporate development and finance within the mining sector. We look forward to their active participation in the growth and development of the Company".

Patrick Evans has been President, CEO and a director of Mountain Province Diamonds Inc. since November 2005 and President, CEO and a director of Kennady Diamonds Inc. since February 2012. Mr. Evans is a graduate of the University of Cape Town where he received his Bachelor of Arts degree in 1977 and Bachelor of Science degree in 1978. In 1999 he was appointed a Vice President of Placer Dome Inc. (a major gold mining company) and a non-executive director of SouthernEra Resources Ltd. (a diamond and platinum exploration, development and mining company). In 2001, he was appointed President and CEO of SouthernEra Resources Ltd. and Messina Limited (a platinum mining company). In 2004, he was appointed President, CEO and a director of Southern Platinum Corp. (a platinum mining company), which was acquired by Lonmin Plc in June 2005. In September 2005, he was appointed President, CEO and a director of Weda Bay Minerals Inc. (a nickel exploration and development company), which was acquired by Eramet S.A. in May 2006. Mr. Evans was appointed the CEO and a director of Norsemont Mining Inc. (a copper exploration and development company) in June 2007 which was taken over by Hudbay in the March 2011. He also served as a non-executive director of Anvil Mining Limited (a copper mining company) from March 2009 to February 2012 when Anvil Mining was acquired by Minmetals.

Blair Schultz has worked on the executive team at Klondex since August 2014, focusing on finance, investor relations, capital markets and business development. Blair has 13 years of experience evaluating M&A transactions in the mining space, and served as Chairman of Klondex from 2012 to 2014. Previously was Vice President and Head of Special Situation Analytics, Portfolio Management & Trading at K2 & Associates Investment Management Inc. His duties involved management of various investment silos including special situation analytics, merger arbitrage, commodity and currency hedging and investment execution. Blair has previously worked for Canada Life, TD Securities, Trimark and Perigee Investment Counsel in debt private placements, interest rate derivatives and equity research. Mr. Schultz holds an Honours Bachelor of Mathematics degree from the University of Waterloo with a Business Administration option from Wilfred Laurier University.

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 14.5% of the shares of North American Nickel (TSX VENTURE:NAN) 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
    Corporate Secretary
    (604) 986-2020 or Toll Free: 1-866-816-0118
    www.vmsventures.com