TransactionsVMS Ventures Inc. Closes $5 Million Private PlacementPublished: 03/01/2011 By Sean Maniaci, Christopher B. Norton On February 14, 2011, VMS Ventures Inc. closed a private placement of 6,667,000 flow through common shares ("Flow-Through Shares") at a price of $0.75 per Flow-Through Share to raise aggregate gross proceeds of approximately $5 million. Cormark Securities Inc. acted for VMS as agent in the offering on a best efforts basis. Cassels Brock acted for Cormark Securities with a team that included Sean Maniaci (Securities and Mining) and Chris Norton (Tax). VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper zinc-gold-silver massive sulphide deposits in Manitoba. |