Royal Nickel announces that shareholders of VMS Ventures have overwhelmingly voted in favour of the plan of arrangement pursuant to which RNC will acquire all of the issued and outstanding common shares of VMS. The arrangement is expected to close on April 27, 2016, subject to applicable regulatory and court approvals and the satisfaction of other [...]
VMS Ventures is pleased to provide an update on the Company's 30% owned Reed mine mineral reserve and resource estimates. HudBay Minerals owns the remaining 70% and is the Operator. The Reed mine is located near Flin Flon, Manitoba and commenced commercial production on April 1, 2014. The ore from the Reed mine is currently being transported for [...]
Royal Nickel announces that, with respect to a definitive agreement pursuant to which RNC will acquire all of the issued and outstanding common shares of VMS Ventures by way of a plan of arrangement, VMS Ventures has filed a Notice of Special Meeting and Management Information Circular under its profile on sedar.com. Additionally, with respect to [...]
VMS Ventures is pleased to update shareholders on the performance of the Reed mine operations up to the end of December 2015 and provide a summary of the financial results received from our joint venture partner Hudbay. VMS Ventures owns 30% of Reed and HudBay Minerals, the operator, owns 70%. Reed Mine Development Update During the six months of [...]
VMS Ventures is pleased to announce that it has entered into an agreement dated January 30, 2016 with Royal Nickel for the purchase of all outstanding shares of VMS by RNC by way of a Plan of Arrangement under the BC Business Corporations Act. Plan of Arrangement Under the Agreement RNC will acquire 100% of the outstanding shares of VMS following [...]
VMS Ventures is pleased to announce that it has completed a seven hole exploration program totaling 4,870 metres. The areas targeted are located approximately 300 metres to 2.3 kilometers from the operating Reed mine, where VMS Ventures owns 30% and HudBay Minerals owns 70% and is the operator. PROJECT HIGHLIGHTS Completed seven drill holes for a [...]
VMS Ventures is pleased to announce that it has granted incentive stock options to the new CFO of the Company, Shaun Heinrichs. Mr. Heinrichs may purchase 250,000 common shares in the capital of the Company pursuant to the Company's stock option plan. The options are exercisable, on or before December 1, 2020, at an exercise price of $0.09 per [...]
VMS Ventures is pleased to announce the appointment of Shaun Heinrichs as Chief Financial Officer of the Company effective December 1st, 2015. Mr. Shaun Heinrichs is joining the Company with over seventeen years of financial accounting experience primarily in the mining industry. His career began with seven years of public practice experience with [...]
VMS Ventures is pleased to announce that five of the seven holes in the current drill program are now complete, for a total of 3,879 metres drilled. The target areas are located approximately 300 metres to 2.3 kilometers from the operating Reed Mine, where VMS Ventures owns 30% and HudBay Minerals owns 70% and is the Operator. DDH RLE036 [...]
VMS Ventures announces that the Board of Directors has formed a special committee of independent directors with a mandate to explore strategic options related to the Company's business and its assets, including, but not limited to, its shareholdings in North American Nickel. This decision has been taken with a view to maximizing shareholder value.
VMS Ventures is pleased to update shareholders on the performance of the Reed mine to the end of June 2015 and provide a summary of the financial report received from joint venture partner Hudbay. VMS Ventures owns 30% and HudBay Minerals owns 70% and is the Operator. Reed Mine Development Update During the months of April to June 2015 the Reed [...]
VMS Ventures announces that it has canceled its rolling stock option plan and has adopted a fixed stock option plan. Pursuant to the fixed option plan, options for an aggregate total of 5,585,635 common shares in the capital stock of the Company may be granted from time to time to directors, senior officers, employees and other persons eligible to [...]