VVC Exploration Private Placement Financings


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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s