Vulcan Minerals Inc. (“the Company” – “Vulcan” TSX-V: VUL) wishes to announce that further to the news release dated July 30, 2012, that after discussions with the TSX Venture Exchange, the record date for the distribution by the Company of one share of Red Moon Potash Inc. (“Red Moon”) for every 3.835 shares held in Vulcan has been changed from August 7, 2012 to August 15, 2012 (“the Record Date”). These shares are being distributed by way of a return of capital, pursuant to a Plan of Arrangement involving the spin out of Red Moon, a new subsidiary company focussed on potash/salt exploration and development in western Newfoundland. Final Closing is still expected to occur on or about August 15, 2012 and the distribution payable date will be August 17, 2012.
Vulcan is a diversified junior exploration company with petroleum and mineral exploration interests in Newfoundland and in Labrador.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors may also affect the actual results achieved by the Company. There can be no assurance that forward-looking information will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.