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VVC VVC Exploration Corporation

0.03
0.00 (0.00%)
27 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
VVC Exploration Corporation TSXV:VVC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.03 0.025 0.035 0 00:00:00

VVC Announces the Issuance of Compensation Shares

18/10/2013 1:00pm

Marketwired Canada


VVC Exploration Corporation ("VVC" or the "Company") (TSX VENTURE:VVC) announces
that the Company is issuing 1,925,000 common shares at an issue price of $0.05
per share to Directors, Officers and their support personnel (the "Recipients")
as a one-time compensation for current and past services rendered (the
"Transaction"). The Board determined that the Recipients have not been properly
compensated for such services rendered to the Company, such as participation in
board of directors meetings, participation in audit committee and steering
committee meetings, review, analysis, opinion, and assistance on geological,
accounting, financial and daily matters of the Company. In order to preserve and
maintain the liquidity of the Company, the Recipients elected to receive shares
in lieu of cash.


The particulars of this transaction were described in the Information Circular
dated July 2nd, 2013 for the Annual General and Special Meeting of Shareholder
(the "AGSM") of the Company held on July 30th, 2013. The Information Circular is
available for downloading from www.sedar.com. The Transaction was approved by
99.68% of the disinterested shareholders of the Company present at the AGSM,
with the votes attached to the common shares owned by any of the Recipients
counted as an abstention.


About VVC Exploration Corporation 

VVC is a Canadian exploration company with projects in Mexico and Canada, which
include a gold prospect in Sonora State, a gold placer prospect in Sinoloa
State, a copper prospect in Chihuahua State, and a gold-silver prospect in
Sonora State, all in Mexico. The Company also has grass-roots gold prospects in
the Timmins area of northern Ontario. In addition, VVC is aggressively searching
for other projects - especially precious minerals and base metals at various
stages of development in North America, mainly in Mexico, Quebec and Ontario.




                                         On behalf of the Board of Directors
                                                                            
                                     Michel J. Lafrance, Secretary-Treasurer



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Patrick Fernet
Vice-President
pfernet@vvcexploration.com
(514) 631-2727

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