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| Home : VVC Exploration Closes Subscriptions on $958,500 Financing |
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Jan 25
2013 |
VVC Exploration Closes Subscriptions on $958,500 Financing |
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TORONTO, ONTARIO--(Marketwire - Jan. 24, 2013) - VVC EXPLORATION CORPORATION (TSX VENTURE:VVC)(FRANKFURT:V7S) ("VVC" or the "Company") is pleased to announce that it has closed subscriptions for a previously announced non-brokered private placement. Subscriptions received aggregate $958,500 and represent 19,170,000 units of the Company ("Units") at a price of $0.05 per Unit, exceeding the target of $850,000. Each Unit consists of one common share and one common share purchase warrant (a "Warrant") of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share for 1 year and thereafter at $0.18 per share until 2 years after closing. |
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| Source:http://www.marketwire.com/mw/release.do?id=1749610&sourceType=3 |
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