Vatic Ventures Corp. Terminates Agreement to Acquire Oil and Gas Company
VATICVENTURES.COM VATIC VENTURES CORP.
VATIC VENTURES CORP. 318-1008 HOMER STREET VANCOUVER, BC V6B 2X1 CANADA
Vatic Ventures Corp. Terminates Agreement to Acquire Oil and Gas Company
Vancouver, BC, June 15, 2015 - Vatic Ventures Corp (the "Company" or "Vatic") (TSX-V: VCV and Frankfurt: V8V) Vatic Ventures Corp. announces that by mutual agreement with the vendors of Italmin Exploration SRL (“Italmin”), the proposed acquisition of Italmin previously announced in a news release on April 9, 2015, has been terminated as a result of financial difficulties experienced by a third party company that has a working interest in the oil and gas wells owned by Italmin. As a result of the difficulties experienced by the working interest holder the 20% carried interest of Italmin became financially less attractive than had been originally anticipated. Management of Vatic is reviewing other opportunities for the Company.
ABOUT VATIC VENTURES CORP.
Vatic Ventures Corp (www.vaticventures.com) is a junior exploration company developing high yield precious metal projects throughout North America. The company continues to explore new opportunities and prospects.
ON BEHALF OF THE BOARD
"Nasim Tyab"
Nasim Tyab, Chairman and CEO
Vatic Ventures Corp.
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