Press release from Marketwire
VMS Ventures Updates Shareholders on Stockhouse Bullboard Posters
Friday, November 30, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2012) - VMS Ventures Inc. (the "Company") (TSX VENTURE:VMS) is pleased to announce that the Company has now obtained the relevant court orders requiring the internet service providers for the posters known as "axeman#", "tamerackerdown" and "nttg2005" to disclose the identity of these posters. In three separate petitions filed against the internet service providers filed on November 15, 2012, the Company alleged that the posters published a series of false and malicious posts about the Company on the website: www.stockhouse.com (the "Stockhouse Website") over various periods from November 2, 2010 to May 10, 2012.
The Company had previously obtained orders against the Stockhouse Website for production of the IP addresses of these posters, and these recently obtained orders will allow the Company to connect the IP addresses to the names and addresses of these posters. The Company is awaiting production of the names and addresses pursuant to these orders and intends to pursue all legal options available against these posters in order to protect its reputation.
The Company would like shareholders to know that it has now reached a settlement with the poster known as "U3082014" regarding posts made on the Stockhouse Website from April 15, 2011 to August 27, 2012. The poster known as "U3082014" has now provided all relevant contact information to the Company and has posted a formal apology to the Company on the Stockhouse Website. Other terms of the settlement are confidential.
The full text of the apology as provided to the Company and posted on the Stockhouse Website is as follows:
Dear VMS & Shareholders,
Please accept this statement as my formal apology for the "posts" I made under the username "U3082014".
It was not my intention to cause any damage or inconvenience. I am just "average joe" investor that was acting alone and out of frustration. I owned 55,000 shares of VMS and was very upset with the lack of drilling results and the Dunlop Lawsuit and how it negatively affected the share price. As I shareholder I thought I had the right to be critical of Management but in retrospect I can see that my comments "crossed the line" I made some statements in haste and admittedly "jumped to conclusions". Upon reflection I believe that VMS's management did not withhold any information and have handled the Dunlop Lawsuit in the best interests of VMS's Shareholders. Any statements I made in reference to this were made from speculation and not facts.
I contacted VMS's Legal Department on Sept.7/2012 with a letter of apology and provided them with my personal information and agreed to work with them to find a solution to the dispute.
About VMS Ventures Inc.:
VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Lake Mine, which is subject to a 70-30 JV with HudBay Minerals and is scheduled for production in Q3- 2013, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.
VMS Ventures owns approximately 21M shares of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.
Forward Looking Statement
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. VMS Ventures Inc. undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, B.Sc., President
VMS Ventures Inc.
FOR FURTHER INFORMATION PLEASE CONTACT:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
VMS Ventures Inc.
(604) 986-2020 or Toll Free: 1-866-816-0118