VMS Ventures Inc. (TSX VENTURE:VMS) ("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.

FOR FURTHER INFORMATION PLEASE CONTACT: 
VMS Ventures Inc.
Evan Sleeman
Director
(604) 986-2020 or Toll Free: 1-866-816-0118
www.vmsventures.com
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Vortex Metals Charts.
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Vortex Metals Charts.