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Vulcan Minerals Inc.-Update
Published : November 29, 2012
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Keywords :   Debt | Equity Markets | Market |

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Nov. 29, 2012) - Vulcan Minerals Inc. ("the Company" - "Vulcan") (News - Market indicators) announces that Investcan Energy Corporation (Investcan) has spudded a well on the Flat Bay petroleum property, Permit 03-106, in the Bay St. George basin in western Newfoundland. Vulcan owns a 2% gross overriding royalty on the permit. 

The Company also announces that it has relinquished its minority working interests in the Parsons Pond petroleum permits to the operator, subject to regulatory approval. Based on the inconclusive drilling results, the minority nature of the company's interest, acceptable commercial arrangements with the operator and the current equity market, a relinquishment of the Company's interest was deemed appropriate.

The Company is engaged in a search for a new core project and is actively reviewing a variety of opportunities. Given the company's relatively strong cash position (approximately $4.5 million) and no debt, the objective is to acquire assets with attractive valuation in the currently depressed equity markets.

Vulcan is a diversified junior exploration company with petroleum and mineral exploration interests in Newfoundland and in Labrador.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

There can be no assurance that forward-looking information will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Shares Issued: 57,526,129

Patrick J. Laracy
(709) 754-3186
Gerri A. MacNeil
Business Manager, Investor Relations
(709) 754-3186
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Vulcan Minerals Inc.

ISIN : CA9289451044
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Vulcan Min. is an exploration silver and gold company based in Canada.

Vulcan Min. holds various exploration projects in Canada.

Its main exploration properties are KINGURUTIK, TL, FLAT BAY, BUFFALO HILLS, MEDICINE HAT, CARBONEAR and GOOSE SOUTH in Canada.

Vulcan Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 1.6 millions, € 1.4 millions).

Its stock quote reached its highest recent level on June 06, 2008 at CA$ 1.59, and its lowest recent point on April 15, 2016 at CA$ 0.02.

Vulcan Min. has 58 530 000 shares outstanding.

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Corporate Presentations of Vulcan Minerals Inc.
9/25/2012-Corporate Presentations
Financings of Vulcan Minerals Inc.
12/24/2008Closes Private Placement
12/19/2008 acquires further interest in Parson’s Pond Private Placemen...
Nominations of Vulcan Minerals Inc.
8/28/2008NWest Energy Appoints New Board Members
Project news of Vulcan Minerals Inc.
4/2/2013(Tasisuak Lake)Closes Acquisition of Tasisuak Lake Nickel/Copper/PGE Proper...
2/14/2013(Tasisuak Lake)Acquires Tasisuak Lake Nickel/Copper/PGE Property Interest
2/17/2011(Bay St. George Nl)Exploration Update
9/10/2010Parsons Pond well Commences Drilling
2/17/2009(Tasisuak Lake)Continuation of evaluation of the Tasisuak Lake nickel/copp...
2/17/2009(Flat Bay)Vulcan Minerals Inc. - Flat Bay Core Drilling Commences
2/17/2009(Tasisuak Lake)Continuation of evaluation of the Tasisuak Lake nickel/copp...
10/8/2008(Tasisuak Lake)14 Metres of 1.02% Nickel Drilled at the Tasisuak Lake Prope...
5/21/2008(Tl)Labrador Nickel-Copper Airborne Geophysical Surveys Complete...
Corporate news of Vulcan Minerals Inc.
1/14/2016Vulcan Minerals Announces that Red Moon Potash has released ...
1/14/2016Red Moon Releases Additional Salt Results
12/10/2015Red Moon Releases Additional Salt Results
12/10/2015Red Moon Closes Private Placement
12/1/2015Red Moon Closes Private Placement
12/1/2015Red Moon Potash Initiates NI 43-101 Mineral Resource Assessm...
10/26/2015Red Moon Potash Initiates NI 43-101 Mineral Resource Assessm...
7/23/2014Red Moon Potash-Drilling Update
7/15/2014Vulcan's Board of Directors Adopts Advance Notice Policy
7/3/2014Red Moon Potash Inc.: Salt/ Potash Drilling Commences in Wes...
6/2/2014Red Moon Potash/Vulcan Minerals Inc. Close $500,000 Private ...
5/26/2014Red Moon Potash/Vulcan Minerals Inc. Agree to $500,000 Priva...
10/15/2013Athabasca Mineral Permits Issued to Vulcan Minerals Inc.
9/16/2013Stakes Athabasca Uranium Claims
6/28/2013Bay St. George Petroleum Update
6/12/2013Red Moon Potash Inc./Vulcan Minerals Inc. - Close Private Pl...
5/22/2013- Finances Red Moon Potash Inc.
4/9/2013Drilling Proposed on Western Newfoundland Royalty Lands
5/18/2011to Spin Out New Company Focussed on Potash Exploration
2/17/2011Exploration Update
4/13/2010$4,210,000 Financing
9/15/2009Drilling Update - Robinsons #1
8/25/2009Drilling Update
8/7/2009Nalcor Energy Farmin on Parson's Pond
7/6/2009/Investcan Robinson's #1 Spudded
6/5/2009Rig Update News Release
4/22/2009Signs Drill Contract for western Newfoundland Drill Campaign
3/12/2009Flat Bay Coring Encounters Oil
12/8/2008Petroleum Exploration Update
9/29/2008Vulcan Minerals Inc. to Present at the COPIC Energy Conferen...
9/25/2008– Potash Assays up to 20.4% K20
9/12/2008– Wins Offshore Labrador Exploration Licenc
9/4/2008– LabradorDrilling Update
7/30/2008Tasisuak Lake Drilling Commences
6/30/2008Kingurutik River Option Agreement Approved/Tasisuak Lake Dri...
5/9/2008Closes $1,000,000 Financing
4/18/2008Announces $1,000,000 Financing
4/3/2008Options Kingurutik, Labrador Nickel Property to Nortec Ventu...
2/19/2008VULCAN MINERALS INC. - Corporate Update
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