VVC Exploration Private Placement Financings

http://www.marketwatch.com/story/vvc-exploration-private-placement-financings-2017-09-26-111604326

TORONTO, ONTARIO–(Marketwired – Sept. 26, 2017) – VVC Exploration Corporation (“VVC” or the “Company“) (TSX VENTURE:VVC) is pleased to provide an update on its previously announced CA$1 million in a non-brokered equity private placement. This placement is for units of the Company (“Units”) at a price of $0.05 per Unit, whereby each Unit consists of one common share and one-half of one common share purchase warrant (a “Warrant”) of the Company. Each full Warrant entitles the holder to purchase one additional common share of the Company for a period of three years, at an exercise price of CA$0.06 per share. The Company has raised to-date about CA$900,000 and have commitments for an additional $460,000. The Company therefore is increasing the maximum amount of the offering to CA$2 million. The proceeds from the offering will be used mostly for ongoing drilling program, maintenance fees and option payments on the Corporation’s Samalayuca Copper Project in Mexico and working capital.

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