VMS Ventures Inc.

VMS Ventures Inc.

June 17, 2015 16:15 ET

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

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 17, 2015) - VMS Ventures Inc. (TSX VENTURE: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 (TSX VENTURE:NAN), 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.

Contact Information

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