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| Home : VVC Exploration: Private Placement Financing and Option Grant |
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Jan 21
2014 |
VVC Exploration: Private Placement Financing and Option Grant |
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TORONTO, ONTARIO--(Marketwired - Jan. 21, 2014) - VVC Exploration Corporation ("VVC" or the "Company") (TSX VENTURE:VVC) announces that it expects to close, by the end of the month, a Private Placement Financing of up to $1.5 million representing 30 million units at a price of $0.05 per Unit. 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 the first 2 years and at $0.18 for years 3, 4 and 5. The net proceeds will be used to maintenance fees and option payments on the Company's properties in Mexico pay accounts payables, general corporate expenses, operating expenses in Mexico. |
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| Source:http://www.marketwired.com/mw/release.do?id=1870818&sourceType=3 |
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