TORONTO, Sept. 16, 2019 (GLOBE NEWSWIRE) — VVC Exploration Corporation (“VVC” or the “Company”) (TSX-V:VVC) announces the following:
Private Placement Financing
As previously announced on July 30, 2019, VVC is raising up to CA$2.5 million in a non-brokered private placement of units of the Company at a price of CA$0.05 per Unit. Each Unit consists of one common share and one-half of one common share purchase warrant entitling 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 will pay a Finder’s Fee, not to exceed 7% of the aggregate amount raised by the Finder, to be paid by the issuance of up to 3,500,000 common shares and 1,750,000 warrants.