VMS VENTURES INC. VMSTF

VMS forms special committee to review business options

[mrsgoldminer]

 

VMS forms special committee to review business options

2015-11-02 16:27 ET - News Release

 

Mr. John Roozendaal reports

VMS CONSIDERS STRATEGIC OPTIONS

VMS Ventures Inc.'s board of directors has formed a special committee of independent directors with a mandate to explore strategic options related to the company's business and its assets, including, but not limited to, its shareholdings in North American Nickel Inc. This decision has been taken with a view to maximizing shareholder value.

While the special committee will review a range of alternatives, there are no assurances that such review will result in any transaction being completed. The company has imposed no deadline for such review and will continue business as usual while the review is being conducted.

We seek Safe Harbor.

© 2015 Canjex Publishing Ltd. All rights reserved.

[JR12]

This post has been removed in accordance with Community Policy

[mtsuit]

I expect VMS shareholders will get NAN shares through a spinout plus HBM shares for Reed. A lesson about these senior/junior JVs is that the senior has discretion over the timing of the inevitable buyout and will use that to its advanatge.

[righand2]

Easy answer. Sell everything, wind up the company, pay everything out to shareholders, and quit paying a management that doesn't seem to be doing anything. IMO

[wintersun10]

review to do nothing maybe............ oh man what a disaster this turns into.............

[wintersun10]

if indeed the Reed mine is turning into a money losing money pit, it might be too late to sell and become a pure exploration play again....... when was the last time VMS had a drill hole that hit anything? so, they are not that good at exploration either......... whats the name of the guy suing VMS again? Dunlop, right perhaps they are interested in sharing the Reed losses. Dunlop to the