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VVC VVC Exploration Corporation

0.025
0.00 (0.00%)
20 Mar 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% 0.025 0.025 0.03 0.025 0.025 0.025 95,000 15:06:57

VVC Exploration: Private Placement Financing and Option Grant

21/01/2014 12:00pm

Marketwired Canada


VVC Exploration Corporation ("VVC" or the "Company") (TSX VENTURE:VVC) announces
that it expects to close, by the end of the month, a Private Placement Financing
of up to $1.5 million representing 30 million units at a price of $0.05 per
Unit. Each Unit consists of one common share and one common share purchase
warrant (a "Warrant") of the Company. Each Warrant entitles the holder to
purchase one additional common share of the Company at $0.12 per share for the
first 2 years and at $0.18 for years 3, 4 and 5. The net proceeds will be used
to maintenance fees and option payments on the Company's properties in Mexico
pay accounts payables, general corporate expenses, operating expenses in Mexico.


In addition, the Company announces the grant of additional incentive stock
options under its stock option plan, to certain officers, directors and
consultants of the Company, to purchase up to an aggregate of 8,000,000 common
shares, representing 5.26% of the outstanding shares of the Company. The stock
options are exercisable at a price of CA$0.065 per share expiring January 20,
2018. Pursuant to the TSX Venture Exchange policies, the exercise price was
fixed by the closing market price of January 17, 2013. The options will vest and
be exercisable on the basis of 25% on the date of grant and 25% every six months
thereafter. 


There are currently 9,800,000 options outstanding and 152,047,581 shares
outstanding. The options were granted subject to provisions of the Company's
stock option plan which was approved by shareholders on July 30, 2013, and are
subject to the TSX Venture Exchange policies and the applicable securities laws.


About VVC Exploration Corporation

VVC is a Canadian exploration and mining company with projects in Mexico and
Canada, which includes a near production copper prospect in Chihuahua State, and
gold and silver prospects in Sonora and Sinaloa States, Mexico. The Company also
has a grassroots gold/VMS prospect in the Timmins area of northern Ontario. VVC
is aggressively seeking to convert its near production copper project,
Samalayuca, to pilot scale production, then full production. 


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: 
Serge Cadorette
(514) 631-2727
scadorette@vvcexploration.com

1 Year VVC Exploration Chart

1 Year VVC Exploration Chart

1 Month VVC Exploration Chart

1 Month VVC Exploration Chart