VMS Ventures Exercises Full Right of First Refusal Allocation in North American Nickel Non-Brokered $7.05M Private Placement
Published : April 22, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2013) - VMS Ventures Inc. (News - Market indicators) ("VMS Ventures") is pleased to inform shareholders that the VMS Ventures Board has elected to take its full Right of First Refusal allotment in the North American Nickel private placement detailed in a North American Nickel news release dated April 17, 2013. VMS Ventures will maintain its 27.5% ownership percentage interest in North American Nickel Inc. by subscribing for 11,764,704 units at a price of $0.17 for a total of $1,999,999. 

Today, North American Nickel Inc. (TSX VENTURE:NAN) released the following news release:

"North American Nickel is pleased to announce that today it has closed the first tranche of its previously announced non-brokered Private Placement (see NAN release, April 17, 2013). Gross proceeds of $4,458,345 were raised through the issue of 26,225,561 Units.

Each Unit consists of one common share and one-half of a common share purchase Warrant. Each whole Warrant entitles the holder to purchase one common share at a price of C$0.21 per share, exercisable until April 22, 2015. Finder's fees of $62,009.50 have been paid in cash in connection with the private placement. 

All securities issued pursuant to the private placement are subject to a hold period and may not be traded until August 20, 2013 as to 15,931,149 Units, and August 23, 2013 as to 10,294,412 Units.

As announced April 17, 2013 and related to Multilateral Instrument 61-101, "Protection of Minority Shareholders in Special Transactions", an additional closing on proceeds of $2,595,752.27 from The Sentient Group and VMS Ventures is expected to take place on or about June 13, 2013. These funds are currently held in trust and will be released to the Company upon the Company's disinterested shareholders ratifying approval of that closing at the annual and special general meeting scheduled for that day."

VMS Ventures acquired 2,753,560 units in the first tranche and anticipates minority shareholder approval at the North American Nickel AGM to be held June 13, 2013 to its acquisition of a further 9,011,144 units, following which VMS Ventures will hold 33,589,704 shares of North American Nickel representing approximately 27.5% of the then outstanding shares of North American Nickel. VMS Ventures will also then hold a further 5,882,352 share purchase warrants of North American Nickel having an exercise price of $0.21 and a term of two years.

About VMS Ventures Inc:

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed copper project, which is subject to a 70-30 joint venture with HudBay Minerals and is scheduled for initial production in Q4 2013, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned two properties in the Sudbury mining camp. They are Terra Incognita and Black Creek.

VMS Ventures owns approximately 27.5% of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.

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., 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.

VMS Ventures Inc.
Evan Sleeman
Director
(604) 986-2020 or Toll Free: 1-866-816-0118
www.vmsventures.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

VMS Ventures Inc.

EXPLORATION STAGE
CODE : VMS.V
ISIN : CA91828R1091
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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$ 13.2 millions as of today (US$ 9.6 millions, € 8.8 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.

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In the News and Medias of VMS Ventures Inc.
3/5/2011VMS Ventures – Focused on Discovery
Financings of VMS Ventures Inc.
11/9/2007ANNOUNCES COMPLETION OF A PRIVATE PLACEMENT
Nominations of VMS Ventures Inc.
7/5/2011Appoints John Pattison Chief Geologist
Project news of VMS Ventures Inc.
1/20/2014Provides Reed Mine December Update
9/23/2013Canada's Next Copper Mine
9/18/2013Reed on plan; exploration stock cycles
8/21/2013(Copper Project)Reed Copper Project Update
7/24/2013(Copper Project)Reed Copper Project Update/New VMS website
7/24/2013(Copper Project)s Progress at the Reed Copper Project
5/24/2013(Copper Project)APRIL AT REED COPPER PROJECT; PRODUCTION EXPECTED IN Q4/13
2/15/2013Reed Mine Tour Pictures
1/31/2013CONTRACTS WESTCORE DRILLING FOR 2013 WINTER DRILL PROGRAM
11/9/2012Global Copper Production Under Stress
10/31/2012Reed Copper Mine Update; Winter Drilling Budget Set
10/31/2012(Copper Project)s the Reed Copper Project Which Remains Within Budget and on...
9/18/2012ANNOUNCES TRENCHING RESULTS AND SURFACE TDEM SURVEY ON ITS S...
9/13/2012(Copper Project)Provides Update on Reed Copper Project in Manitoba
8/21/2012(Copper Project)Reed Copper Project
8/14/2012and Hudbay Break Ground at New Copper Mine in Manitoba
7/19/2012(Copper Project)S PROGRESS AT THE REED COPPER PROJECT NEAR SNOW LAKE, MANITO...
6/21/2012ACQUIRES LARGE LAND PACKAGE ADJACENT TO THE REED COPPER MINE...
5/16/2012(Reed Lake)FILES PREFEASIBILITY STUDY FOR THE REED LAKE DEPOSIT, NEAR S...
5/10/2012Harvest Gold Signs Letter of Intent(LOI) on Esker Project in...
5/10/2012VMS Ventures Updates Progress on the Development of the Reed...
4/26/2012and the Reed Deposit
4/25/2012(Copper Project)REED COPPER PROJECT AND REED NORTH AREA EXPLORATION UPDATE, ...
4/3/2012(Copper Project)Reed Copper Project Positive Pre-Feasibility Study Completed
2/22/2012100% Owned Cowan River Project Drilling begins
2/15/2012Drills 8.90 Metres of 1.00 g/t Gold/NAN PowerPoint
2/6/2012HudBay CEO on Production at Reed and Copper Demand
10/27/2011Introduces Exploration Programs for its Sudbury, Ontario Pro...
7/28/2011INTERSECTS SECOND COPPER OCCURANCE AT COWAN RIVER, SNOW LAKE...
6/8/2011(Sails)Drills 13=2E41 Metres of 1=2E48 g/t Go =?ISO-8859-1?Q?ld=20a...
5/13/2011(Reed Lake)FILES NI 43-101 MINERAL RESOURCE FOR THE REED LAKE DEPOSIT A...
4/20/2011(Cover)Reports on Two Additional Holes at Its Cowan River Copper-Zi...
4/13/2011(Cover)Discovers High Grade Copper Zone Near Surface: 9.81% Copper ...
4/1/2011(Reed Lake)Announces NI 43-101 Mineral Resource for the Reed Lake Depos...
3/22/2011s Progress With Ongoing Exploration Programs on Its 100% Own...
3/17/2011(Reed Lake)Reports 50.08 Metres of 6.85% Copper in Hole RLD030 at Reed ...
2/23/2011(Reed Lake)Reports 37.10 Metres of 5.60% Copper From In-Fill Hole RLD02...
3/10/2008(Reed Lake)Rising on Reed Lake Results
1/29/2008(Reed Lake)6 HOLES INTERSECT NEAR SOLID SULPHIDES; ASSAY RESULTS FOR TW...
10/27/2007(Reed Lake) DISCOVERY EXTENDED, DRILL EQUIPMENT ARRIVES ON REED LAKE PR...
10/16/2007(Reed Lake)2ND DRILL PROGRAM PLANNED AT REED LAKE DISCOVERY ZONE, SNOW ...
10/5/2007(Reed Lake)10.50 METRES of 11.19% COPPER WITHIN 43.05 METRES OF 4.38% C...
9/18/2007(Reed Lake)EXPLORATION UPDATE AT REED LAKE PROPERTY, MANITOBA
8/9/2007(Reed Lake)ANNOUNCES PROPERTY AGREEMENT DEAL WITH HUDBAY MINERALS INC.
Corporate news of VMS Ventures Inc.
4/27/2016Vms Announces Completion of Plan of Arrangement
4/25/2016VMS Announces Shareholder Approval for Plan of Arrangement
4/1/2016VMS Reports Update on Reserves and Resources at Reed Mine
3/31/2016VMS Files Materials in Connection with Special Meeting of Sh...
2/1/2016VMS Ventures Announces Plan of Arrangement With Royal Nickel
11/4/2015VMS Ventures Announces Drill Program Update on Exploration T...
11/2/2015VMS Considers Strategic Options
9/9/2015VMS Ventures Adopts Fixed Option Plan
7/28/2015VMS Ventures Inc. Patrick Evans and Blair Schultz Join VMS B...
4/15/2015VMS Provides Reed Mine Operations Update
4/15/2015Provides Reed Mine Operations Update
4/10/2015VMS Announces Closing of Acquisition of Assean Lake Claims
4/10/2015Announces Closing of Acquisition of Assean Lake Claims
4/1/2015VMS Reports Update on Reserves and Resources at Reed Mine
4/1/2015Reports Update on Reserves and Resources at Reed Mine
3/19/2015Provides Reed Mine Operations Update
3/19/2015VMS Provides Reed Mine Operations Update
2/25/2015VMS Provides Reed Mine Operations Update
2/25/2015VMS Provides Reed Mine Operations Update
2/18/2015VMS ANNOUNCES ACQUISITION OF ASSEAN LAKE CLAIMS
1/22/2015VMS Provides Reed Mine Operations Update
12/18/2014VMS Provides Reed Mine Update
12/18/2014VMS Provides Reed Mine Update
12/3/2014VMS Provides Reed Mine Update
12/3/2014VMS Provides Reed Mine Update
11/24/2014VMS Announces Approval and Adoption of Shareholder Rights Pl...
11/24/2014VMS Announces Approval and Adoption of Shareholder Rights Pl...
11/19/2014VMS Announces Third Quarter Reed Mine Financial Performance
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10/30/2014VMS Provides Reed Mine Update
10/30/2014VMS Provides Reed Mine Update
8/26/2014VMS Appoints Two New Directors to Its Board
7/11/2014VMS Ventures Grants Incentive Stock Options
6/24/2014VMS Reports Reed Mine Update
6/17/2014VMS Ventures Announces Management Changes
6/5/2014VMS Ventures Completes Ore Sales and Purchase Agreement With...
5/29/2014VMS Ventures Inc.: North American Nickel Inc. Closes $9.38M ...
2/13/2014Announces Annual Meeting, Record Date and Adopts Advance Not...
11/13/2013Ahead of the Herd: Copper Catch Up
11/1/2013Provides Update on Reed Mine
10/23/2013(Cover)North American Nickel Discovers High Grade Nickel Sulphide M...
10/10/2013High Grade Nickel-Copper-Cobalt Sulphides Confirmed at Imiak...
10/1/2013(Copper Project)Reed Copper Project Commences Initial Production
9/30/2013Dr. Tony Naldrett, Internationally Acclaimed Expert on Magma...
9/12/2013Mid=2DDay Breaking News From VMS Ventures=2C Freegold=2C Nat...
9/10/2013Base Metals and Bulk Commodities - TOP 10 Reasons the Next U...
8/15/2013(Cover)Media Coverage
7/15/2013North American Nickel Acquiring Additional Ground at the Man...
7/15/2013North American Nickel Acquiring Additional Ground at the Man...
7/15/2013North American Nickel Acquiring Additional Ground at the Man...
6/17/2013ROCK TALK WITH RICK MARK AND NEIL RICHARDSON/PODCAST #5 WITH...
6/11/2013(Cover)Potential for High Nickel Recoveries at Imiak and Spotty Hil...
6/6/2013Mining matters to us all
6/4/2013Jaclyn Ruptash Joins NSMG Team
5/30/2013Ahead of the Herd - Riding A Copper Horse
5/24/2013(Copper Project)s Progress in April at the Reed Copper Project; Production E...
5/16/2013/NAN 2013 Podcast Series: Introduction to John Roozendaal
5/8/2013Introduction to Neil Richardson, COO of VMS and NAN
5/1/2013s 2013 Winter Drill Programs, Snow Lake, Manitoba and Sudbur...
4/25/2013and North American Nickel Inc. in the Metals Report
4/24/2013/North American Nickel Podcast Series
4/22/2013Exercises Full Right of First Refusal Allocation in North Am...
4/11/2013(Copper Project)REED COPPER PROJECT ON TIME/BUDGET FOR Q4 PRODUCTION
3/26/2013(Cover)Media Coverage
2/5/2013Kevin Puil: $4/lb Copper Is on Its Way
1/17/2013Finalizes Upcoming 2013 Winter Drill Program on Its 100% Own...
1/17/2013Finalizes Upcoming 2013 Winter Drill Program on Its 100% Own...
1/9/2013(Copper Project)REED COPPER PROJECT: CONSTRUCTION ON SCHEDULE
11/6/2012Dundee Capital Markets: HudBay Minerals Inc. - three mines u...
10/23/2012Announces Reed Exploration Properties Joint Venture With Hud...
10/16/2012Copper Price Rising?
6/7/2012Files Statement of Defense
5/9/2012Media and Social Media exposure
5/3/2012The TSX Venture is Trading at the Same Level it Did Nearly 9...
4/27/2012Announces Filing of Statement of Claim in Manitoba
4/27/2012Letter to Shareholders Regarding the Dunlop Legal Claim
2/23/2012(Cover)and Media Coverage
2/16/2012Secutor Capital Management Reports on VMS Ventures Inc.
2/8/2012(Sails)Trenching Program Returns Assays of Up To 61.73 g/t Gold at ...
1/31/2012Copper Continues to Confound the Commodities Crowd
1/30/2012Dundee Rates VMS a BUY
1/24/2012Mentioned in The Gold Report, January 18, 2012
1/18/2012Provides Exploration Target Update at the Reed Copper Deposi...
12/20/2011Merry Christmas from the North Shore Mining Group of Compani...
12/19/2011Reed Mine Decision Made/New Geophysical Targets at Reed Copp...
10/25/2011COO,Neil Richardson, is interviewed
9/20/2011ENGAGES HUASHAN CAPITAL TO PROVIDE ADVISORY SERVICES IN ASIA
8/18/2011(Copper Project)Intersects 1.61 Metres Grading 2.13 G/T Gold in Hole CP-11-0...
8/9/2011REPORTS 5.94% COPPER OVER 2.23 METRES IN DRILL HOLE RLE007 F...
7/7/2011Reports HudBay Minerals Completes Exploration Expenditures f...
5/19/2011Commodity Bulls speak; NAN close to trading
5/17/20117=2E44% Copper Over 7=2E18 Metres in Hole RLE006 Located 1=2...
5/9/2011s Progress on its 2011 Exploration Programs in the Flin Flon...
4/27/2011(Copper Project)Discovers Massive Sulphide Horizon With Zinc-Silver-Gold Min...
4/20/2011(Cover)Reports on Two Additional Holes =?ISO-8859-1?Q?=20at=20Its=2...
4/7/2011Al O'Grady interviews Rick Mark
3/17/2011Reports 50=2E08 Metres of 6=2E85% Copp =?ISO-8859-1?Q?er=20i...
2/23/2011(Reed Lake)Reports 37=2E10 Metres of 5=2E60% Copper from In-Fill Hole R...
2/18/2011HudBay Minerals Acquires 6,667,000 Shares of VMS Ventures In...
5/14/2009Discusses exploration strategy and project plans through 201...
2/28/2009(Video) NEW INTERVIEW WITH CEO CLIPS
6/12/2008Proposes to Spin Off Nickel Assets
4/9/2008Discovery Zone Page Launched on VMS Website
2/27/2008Don Coxe's, "The Music of the Metal Markets"
2/19/2008-Holes RD 08-25, RD 08-26 and RD 08-30-30 Intersect Near Sol...
2/8/2008Stock Market Volatility
12/14/2007Additional Information about a VMS Opportunity
11/10/2007(Audio) Interview with President John Roozendaal
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TSX-V (VMS.V)FRANKFURT (R4E.F)
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