May 25th, 2015
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.