TORONTO, March 30, 2016 /CNW/ - Royal Nickel Corporation ("RNC") (TSX: RNX) 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 Inc. ("VMS") by way of a plan of arrangement, VMS Ventures Inc. ("VMS") has filed a Notice of Special Meeting and Management Information Circular under its profile on sedar.com.
Additionally, with respect to its recently completed acquisition of a 66% interest in Salt Lake Mining ("SLM"), RNC has filed a Business Acquisition Report under its profile on sedar.com
About Royal Nickel Corporation
Royal Nickel Corporation is a multi-asset mineral resource company focused primarily on the acquisition, exploration, evaluation and development of base metal and precious metal properties. RNC's principal assets are its majority stake in the producing Beta Hunt nickel and gold mine in Western Australia and the Dumont Nickel Project located in the established Abitibi mining camp in Quebec. RNC also owns a majority interest in the West Raglan and Qiqavik projects in northern Quebec. RNC has a strong management team and Board with over 100 years of mining experience in the nickel business at Inco and Falconbridge. RNC's common shares and warrants trade on the TSX under the symbols RNX and RNX.WT. RNC also trades on the OTCQX market under the symbol RNKLF.
About VMS Ventures Inc.
VMS Ventures Inc. acquires, explores, develops, and evaluates mineral properties in Canada. The company primarily explores for copper, zinc, gold, and silver deposits. Its principal property is the Reed Lake project located to the southwest of Snow Lake, Manitoba. VMS's common shares and warrants trade on the TSX under the symbols VMS.
SLM is a private company based in Australian focused on developing mineral properties. Its main asset is the Beta-Hunt nickel-gold mine located in Western Australia.
SOURCE Royal Nickel Corporation
© All rights reserved Karora Resources 2022