trending Market Intelligence /marketintelligence/en/news-insights/trending/fq3VCYkOYCW-_T6UMgwBDg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Royal Nickel completes VMS Ventures acquisition

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Royal Nickel completes VMS Ventures acquisition

Royal Nickel Corp.said April 27 that it has completed the previously announced of VMS Ventures Inc. by way of a plan of arrangement.

Pursuant to the arrangement, Royal Nickel has acquired all ofVMS Ventures' issued and outstanding common shares by issuing an aggregate of 36million Royal Nickel shares and about C$3.5 million to former VMS Venture shareholders.

Following the completion of the acquisition, Royal Nickel nowholds a 30% stake in the Manitoba-based Reed copper mine. Meanwhile, VMS Ventures has become a whollyowned subsidiary of Royal Nickel.

The company also intends to acquire the remaining 34% of theBeta Hunt nickel-goldmine in Western Australia by May-end, through issuing 24,324,066 shares. The acquisitionis subject to shareholder approval at the annual and special meeting of shareholdersto be held May 18.

Royal Nickel already holds a 66% stake in Beta Hunt.