Vulcan Minerals Closes Acquisition of Tasisuak Lake Nickel/Copper/PGE Property
Vulcan Minerals Inc. (VUL.V) has closed the transaction with Nortec Minerals Corp to acquire Nortec's 51% working interest in the Tasisuak Lake Nickel/Copper/PGE property in northern Labrador.
The consideration for the acquisition is 1,000,000 common shares of the company.
Vulcan now owns 100% working interest in the property as a result of the acquisition.
The Tasisuak Lake Nickel/Copper/PGE property is situated approximately 50 kilometres northwest of the Voisey's Bay Nickel/Copper mine.
VUL shares were down a penny to $0.055.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.