VANCOUVER, May 20, 2015 /CNW/ - Nomad Ventures Inc.
("Nomad") (TSX-V: NMD) is very pleased to announce that it has
received a purchase order for 85,000 tonnes of aggregate and
specialty rock products from Headwater Management Ltd.
("Headwater"), a North Vancouver
and Lower Mainland excavation and trucking contractor. (the
"Headwater Purchase Order").
The Headwater Purchase Order also includes 100,000 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 $2.3
million and has a delivery schedule over the next 2
years.
The Headwater Purchase Order is another important milestone
towards establishing Nomad as a significant aggregate and rock
product supplier for the Vancouver/Lower Mainland market.
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.
The Headwater Purchase Order and the previously announced Apex
Purchase Order announced May 14,
2015, now represents more than $4.3
million dollars in revenue for Nomad.
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,
"Brent Forgeron"
President
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.