VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 8, 2015) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") announces that the Company's Board of Directors has resolved to adopt a customary Shareholder Rights Plan Agreement (the "Rights Plan") to replace its shareholder rights plan that expired May 24, 2015.
The Rights Plan is similar to other plans adopted by many Canadian companies. It is not being adopted in response to any proposal to acquire control of the Company.
Although adoption of the Rights Plan (the "Plan") is subject to acceptance by the TSX Venture Exchange, the Plan will be presented for ratification by the shareholders at the Company's Annual General Meeting scheduled for July 9, 2015. Please see www.SEDAR.com for copies of the proposed form of Plan. A detailed description of the Plan's terms and conditions are contained in the information circular which will be mailed to shareholders in connection with the Meeting. If ratified by shareholders and accepted by the TSX Venture Exchange, the Plan will have a term of three years.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, B.Sc., Interim CEO and President
VMS Ventures Inc.
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