NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION VIA U.S. NEWSWIRE
HALIFAX, June 4, 2012 /CNW/ - June 4, 2012 - Muskrat Minerals Incorporated (formerly VR Interactive Corporation)
(CNSX: YYR) (the "Corporation") has been advised by Grand River Iron Sands Inc.("GRI"), a company in
which the Corporation has a major investment, that the joint venture
partner has made a further investment in North Atlantic Iron
Corporation ("NAIC") thereby reducing GRI's interest in NAIC to 83%.
ABOUT MUSKRAT MINERALS INCORPORATED
MUSKRAT MINERALS wholly-owns VR Interactive International Inc. ("VRI"),
and 3053229 Nova Scotia Inc. ("NSL") which owns a 29.9% interest in
Grand River Iron Sands Inc. ("GRI"). GRI in turn owns 83% of North
Atlantic Iron Corporation, which is a significant joint venture iron
sands project in Newfoundland and Labrador. The Corporation is now a
resource based company with a principal focus on industrial minerals
and investment in mineral projects of interest. The Corporation shall
continue to maintain its 100% ownership in VRI and shall continue to
seek potential joint ventures and partnerships to enhance the value of
its existing intellectual properties. However, the Corporation's
principal objective shall be on maximizing the value of its investment
in GRI and its joint venture project in Newfoundland and Labrador
The Corporation has issued and outstanding 17,251,015 common shares.
Neither CSNX Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the CSNX Exchange) accepts responsibility
for the adequacy or accuracy of this release.
The Corporation seeks Safe Harbour.
SOURCE Muskrat Minerals Inc.
For further information:
Francis MacKenzie, President & Director
Phone: 902.499.7150, Fax: 902.423.1624, E-mail: firstname.lastname@example.org