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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.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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