VMS Ventures Engages Launch IR Inc. for Investor Relations Services
posted on
Nov 08, 2010 06:32AM
Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres
VANCOUVER, BRITISH COLUMBIA, Nov. 8, 2010 -- VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to announce that it has engaged Launch IR Capital Inc. ("Launch") to provide investor relations services to the Company. Launch is an Ottawa based Investor Relations - consulting firm with connections and strong ties to industry leading investment firms in the United States, Europe and Canada.
The agreement is for a 6 month term and the Company has agreed to pay Launch a fee of $21,000 over the term of the agreement, with a further $1,000 for each investors' meeting arranged during the term of the agreement. The Company has also agreed to grant Launch 350,000 options of VMS at a price of $0.445 with an exercise period of 2 years, which are to vest in accordance with the policies of the TSX Venture Exchange.
The agreement is subject to the acceptance of the TSX Venture Exchange.
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 Lake Project, 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 three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal B.Sc., President & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
VMS Ventures Inc. Director of Communications (604) 986-2020 or Toll Free: 1-866-816-0118 (604) 986-2021 (FAX) www.vmsventures.com Coal Harbor Communications (604) 662-4505 or Toll Free: 1-877-345-3399