Charles Chebry is issuing this press release pursuant to the early warning requirements of applicable securities laws in Canada with respect to Vela Minerals Ltd.. Pursuant to an open market purchase on February 28, 2014 the Offeror acquired beneficial ownership and control of 80,000 common shares of the Issuer, representing approximately 0.76% of the current issued and outstanding.
Vela Minerals is pleased to announce the results of a recent exploration program on its Mavis Bank special exclusive prospecting License (SEPL) in Jamaica. The ground exploration program consisted of geological mapping, collection of 501 soil samples on two grids, 84 regional stream samples, and 143 rock samples. Soil grids for both Mavis Bank and Epping were established in order to determine the distribution of base [...]
Vela Minerals is pleased to announce it has acquired a 100% interest in Mavis Bank and Port Antonio Special Exclusive Prospecting Licenses in Jamaica, which total 126 square kilometres. The Port Antonio and Mavis Bank Properties are subject to a 2% net smelter royalty. The major terms of the Agreement are: the Agreement supersedes the option agreement dated March 1, 2013 to acquire a 90% interest in the Mavis Bank [...]
Vela Minerals is pleased to announce that crews have been mobilized and ground work has begun on the 63 square kilometre Mavis Bank Concession in Jamaica. The exploration program will consist of geological mapping and soil and rock sampling over the Epping-Whitfield, and Mavis Bank Occurrencesin conjunction with a property wide stream sampling-prospecting programme.
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