VMS Ventures, Kuran, Heidman property agreement

VMS Ventures Inc (C:VMS)
Shares Issued 107,907,745
Last Close 9/5/2008 $0.485
Monday September 08 2008 - Property Agreement

The TSX Venture Exchange has accepted for expedited filing documentation of a property purchase agreement dated June 24, 2008, between the issuer, and William Kuran and Warren Heidman, whereby the issuer may acquire a 100-per-cent interest in all the vendors rights, title and interest in and to certain claims located 30 kilometres west of Snow Lake, Man.

In order to earn a 100-per-cent interest in the claims, the issuer will issue 75,000 common shares of the company to each of the two property vendors of the property. Also, a one-time payment of $25,000 will be made.

The property is subject to a 2-per-cent net smelter royalty, one-half of which may be purchased by the issuer for $500,000.

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