VVC Announces AGM Date and Private Placement Financing
June 03 2019 - 4:04PM
VVC Exploration Corporation (“
VVC” or the
“
Company”) (TSX-V:VVC) announces the following:
Annual General Meeting of Shareholders
(“AGM”)The Company's AGM will be held on Monday August 19,
2019 at 10:00 am (Montreal Time) at the Marriott Fairfield Inn
& Suites – Montréal Airport, Toscana Room II, 700 Michel Jasmin
Avenue, Dorval, Québec, H9P 1C5.
The Record date for the AGM is July 15, 2019;
the expected mailing date is on or before July 23, 2019; and the
Proxy Voting Cut-Off Time & Date is 10:00 am on Friday August
16, 2019. Both NOBO and OBO Beneficial Shareholders in Canada
should contact their broker to ensure that their address is correct
and that they are coded to receive Proxy Materials from the
Company.
Following the mailing, copies of the Proxy
Material and other relevant documentation will be filed on SEDAR
and available from the Company’s website
(www.vvcexpl.com/shareholder-meeting).
At the AGM, management will present an update on
the Samalayuca Project and other Company activities, and will be
available to answer questions from shareholders, subject to
Securities Laws regarding “Selective Disclosure”.
Shareholders wishing to stay overnight at the
Marriott Fairfield Inn & Suites – Montréal Airport, please make
a reservation (Tel: 877-731-2424) and identify yourself as part of
the VVC group to receive the reduced rate offered on a
first-come-first-serve basis.
Year-End Financial
StatementsThe Company's audited Financial Statements and
the MD&A for the Year Ended January 31, 2019 were filed on
SEDAR on May 31, 2019 are available for download at www.sedar.com
or from the Company's website.
Private Placement FinancingThe
Company is raising up to CA$2 million (approx. US$1.5) in a
non-brokered private placement of units of the Company (“Units”) at
a price of $0.05 per Unit. 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 proceeds of the offering will be used for
exploration and development on the Samalayuca property, including
diamond drilling, land use permits and associated costs,
metallurgical bench testing of the copper mineralization, and
proposed pilot mining investigation and evaluation. In
addition, the money will used for option payments in Mexico,
current accounts payable, general administrative expenses, and
working capital.
The Company is not anticipating paying a
commission at this time, however should a commission be paid, it
will not exceed the allowable limits imposed by the TSXV. The
financing is expected to close by the end of June or in early
July.
The offering is subject to all necessary
regulatory requirements including the approval of the TSX Venture
Exchange. All securities issued pursuant to the offering will
be subject to the applicable statutory, exchange and regulatory
hold period of four months and any other required resale
restrictions.
About VVC Exploration
CorporationVVC is a Canadian exploration and mining
company focused on the exploration and development of copper and
gold deposits in Northern Mexico, mainly the Samalayuca copper
property in Chihuahua State. VVC has other projects in Mexico
and Canada, including gold and silver prospects in Sonora and
Sinaloa States, Mexico and a grassroots gold/VMS prospect in the
Timmins area of northern Ontario. Visit our website at:
http://vvcexpl.com.
On behalf of the Board of Directors
Michel J. Lafrance, Secretary-Treasurer
For further information, please contact: |
Patrick Fernet E-mail: pfernet@vvcexploration.comPhone: (514)
631-2727 |
|
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.
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