VVC Exploration Completes $1 Million Private Placement
* Reuters is not responsible for the content in this press release.
TORONTO, ONTARIO, Oct 05 (MARKET WIRE) --
VVC EXPLORATION CORPORATION (TSX VENTURE: VVC)(FRANKFURT: V7S) ("VVC" or
the "Company") announces that last week it received a subscription for a
non-brokered private placement at 35 cents per unit amounting to
CA$1,000,125 for 2,857,500 units. Each unit comprises one common share
and one share-purchase warrant to purchase an additional share at $0.42
until October 9th, 2011. The net proceeds after will be used for working
capital, exploration expenditures on Company's properties in Mexico and
the cost of any new acquisitions in Mexico.. The shares will be subject
to resale restrictions for four months. The Private Placement has not yet
been accepted for filing by the TSX Venture Exchange. An aggregate of
$100,000 in cash will be paid as Finders' fees to a person instrumental
in arranging the placement. The Private Placement will close on or about
October 9th, 2009.
About VVC:
VVC Exploration Corporation is a Canadian exploration company with
projects in the State of Chihuahua, Mexico and in Canada, including an
indirect participation in the Beaver Brook Antimony Mine in Newfoundland,
Canada. VVC is also aggressively searching for other projects such as
precious and base metals and industrial minerals at various stages of
development in North America, especially in Mexico, Quebec and Ontario.
Our primary focus is on precious metal projects in Mexico.
On Behalf of the board of Directors
Michel J. Lafrance, Secretary-Treasurer
Neither the TSXV or its
Regulation Service Provider accepts responsibility for the adequacy or
accuracy of this news release.
Contacts:
VVC Exploration Corporation
Patrick Fernet
Vice-President
514-631-2727 or 1-877-558-2727 ext 224
pfernet@vvcexploration.com
www.vvcexploration.com
Copyright 2009, Market Wire, All rights reserved.
-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters