VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 9, 2015) – VMS Ventures Inc. (TSX VENTURE:VMS) (“VMS Ventures” or the “Company”) 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 (representing approximately 10% of the current issued and outstanding shares of the Company) may be granted from time to time to directors, senior officers, employees and other persons eligible to be granted options.
The fixed stock option plan is subject to the approval of the TSX Venture Exchange (the “Exchange”). Additionally, the Company has granted incentive stock options (the “Stock Options”) in accordance to the fixed option plan to directors, officers and consultants of the Company (the “Optionees”) entitling the purchase of an aggregate 850,000 common shares. The Stock Options are exercisable at a price of $0.18 for a period of 5 years and may only be exercised by the Optionees once the fixed option plan has been approved by the TSX Venture Exchange.
About VMS Ventures Inc.
VMS Ventures is a mining and mineral exploration company currently in a joint venture with Hudbay on the producing Reed mine near Flin Flon Manitoba. VMS Ventures holds a 30% interest in the Reed mine which is operated by Hudbay. The Reed mine achieved full production during Q2 of 2014. In addition, VMS Ventures is exploring a large prospective property package in Manitoba. The Company also holds approximately 14.5% of the shares of North American Nickel (TSX VENTURE:NAN) which is exploring a new district scale nickel-copper-cobalt PGE deposit belt in S.W. Greenland.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, B.Sc., Interim CEO and President
VMS Ventures Inc.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
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