VVC Exploration – Closing of Private Placement Financing

VVC_24032020

TORONTO, ONTARIO – March 23, 2020 – VVC Exploration Corporation (“VVC” or the “Company”) (TSXV:VVC) announces the following:
Private Placement Financing

VVC closed subscriptions for Tranche 1 of a non-brokered Private Placement financing, previously announced on February 5, 2020. To-date, VVC raised CA$951,560 (about US$722,000) and will issue to the placees an aggregate of 19,031,200 Units at a price of CA$0.05 per Unit. Each Unit consists of one
common share (“Share”) and one-half of one common share purchase warrant (Warrant”), each full Warrant entitling the holder to purchase one additional Share of the Company at an exercise price of CA$0.06 per Share for a period of three years.

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