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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 30, 2014) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased to update shareholders on the progress made at the Reed Mine, near Flin Flon Manitoba. VMS Ventures Inc. owns 30% of the Reed Mine and Hudbay Minerals Inc. (HBM.TO)(HBM) ("Hudbay") owns 70% and is the Operator. On September 16th 2014, VMS Ventures and joint venture partner and mine operator Hudbay held a grand opening ceremony at the Reed Mine. Representatives from the Board of directors of VMS Ventures and Hudbay, along with mine employees and representatives from local communities and the provincial government were in attendance. The grand opening was taking place almost seven years to the day of the first announcement of mineralization being discovered at what is now the Reed Mine. To view photos from the grand opening ceremonies and other recent images from the mine site use following link: http://www.vmsventures.com/investors/photo-gallery/default.aspx The Company would also like to announce that it has granted incentive stock options to a director of the Company to purchase up to 200,000 common shares in the capital of the Company pursuant to the Company's stock option plan. The options are exercisable, on or before October 28, 2019 at an exercise price of $0.26 per share. About VMS Ventures Inc.: VMS Ventures Inc. is a mining and mineral exploration company currently in partnership with Hudbay Minerals on the producing Reed Mine near Flin Flon Manitoba. VMS holds a 30% interest in the Reed Mine which is operated by Hudbay Minerals and achieved full production earlier this year. In addition, VMS is exploring a large prospective property package in Manitoba. The Company is actively evaluating new growth opportunities to build on our success with Reed. The Company also holds approximately 22% of the shares in North American Nickel (TSX VENTURE:NAN) which is exploring a new district scale nickel-copper-cobalt PGE deposit belt in S.W. Greenland. For more information on North American Nickel Inc., please visit www.northamericannickel.com. ON BEHALF OF THE BOARD OF DIRECTORS John Roozendaal, B.Sc., Interim CEO, President, Director VMS Ventures Inc. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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VMS Ventures Inc.
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EXPLORATION STAGE |
CODE : VMS.V |
ISIN : CA91828R1091 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
VMS Ventures is a zinc and gold exploration company based in Canada. VMS Ventures holds various exploration projects in Canada. Its main exploration properties are REED LAKE, LYNN LAKE GABBROS, PUELLA BAY and COVER in Canada. VMS Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 13.9 millions as of today (US$ 10.3 millions, € 9.3 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.76, and its lowest recent point on January 22, 2016 at CA$ 0.05. VMS Ventures has 146 480 000 shares outstanding. |