Vulcan Minerals Closes Acquisition of Tasisuak Lake Nickel Property Interest

Vulcan Minerals Inc (TSXV:VUL) announced that it has already closed its transaction with Nortec to acquire the latter’s 51% working interest in the Tasisuak Lake Nickel property and has also received all the needed regulatory permits.

As quoted in the press release:

The consideration for the acquisition is 1,000,000 common shares of the Company. Nortec will retain a 1% Net Smelter Return Royalty subject to certain buyout provisions. The Company now owns 100% working interest as a result of the acquisition.

Click here to read the full Vulcan Minerals Inc (TSXV:VUL) press release.