Markets

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.


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

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More