Trading Symbol - NMD.V
VANCOUVER, May 26, 2015 /CNW/ - Nomad Ventures Inc. ("Nomad") (TSX-V: NMD) is very pleased to announce that it has received a purchase order for 50,000 tonnes of quarried stone products from a well-established Lower Mainland heavy construction and aggregate company. (the "Purchase Order").
The Purchase Order also includes 50,000 tonnes of construction fill that will be tug and barged back to the St. Vincent Bay Property for processing. The Purchase Order represents revenue of more than $1.6 million and has a delivery schedule over the next 2 years.
The addition of this Purchase Order and the previously announced Apex and Headwater Purchase Orders (May 14, 2015 and May 20, 2015) now represents more than $5.9 million dollars in revenue for Nomad.
Mr. Brent Forgeron, President/CEO, states "Nomad has reached another very important milestone by securing a third Purchase order since announcing receipt of our commercial sand, gravel and granite quarry permit from the BC Ministry of Energy and Mines on March 9, 2015. This further validates the quality of the deposit located at the St. Vincent Bay Quarry and the demand for the aggregate and specialty rock products that will be produced there."
Additional aggregate and specialty rock supply contracts with British Columbia based construction and development companies are currently being negotiated by Nomad to meet the initial allowable volumes of the Company's mining permit.
Technical material in this news release has been reviewed by James H. Place, P.Geo., a Director of the company and a Qualified Person as defined in NI43-101.
The commencement of production on the St. Vincent Bay Property will not be based on a feasibility study of mineral reserves demonstrating economic and technical viability.
On behalf of the Board of Directors,
Nomad Ventures Inc.
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Nomad cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Nomad's control. Such factors include, among other things: risks and uncertainties relating to Nomad's limited operating history and commencement of production. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Nomad undertakes no obligation to publicly update or revise forward-looking information.
Neither 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.
SOURCE Nomad Ventures Inc.
For further information: Phone: 604 987-6012, Email: [email protected], Website: www.nomadventures.ca