Key Developments: VVC Exploration Corp (VVC.V)

VVC.V on TSX Venture Exchange

0.04CAD
1:21pm EDT
Price Change (% chg)

$0.00 (+0.00%)
Prev Close
$0.04
Open
$0.04
Day's High
$0.04
Day's Low
$0.04
Volume
60,000
Avg. Vol
90,883
52-wk High
$0.08
52-wk Low
$0.03

Search Stocks

Latest Key Developments (Source: Significant Developments)

VVC Exploration Corp announces closing of $857,475 private placement
Wednesday, 5 Mar 2014 08:00am EST 

VVC Exploration Corp:Completed a previously announced non-brokered private placement aggregating $857,475 and representing 17,149,500 units of the company at a price of $0.05 per Unit.Each Unit consists of one common share and one common share purchase warrant.Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share for 2 years and thereafter at $0.18 per share until March 4, 2019.  Full Article

VVC Exploration Corp announces management change
Wednesday, 22 Jan 2014 08:00am EST 

VVC Exploration Corp:Says the resignation of Patrick Fernet as Chairman and Officer of the company effective immediately but will continue as a director of the company.Says the board has appointed Terrence F. Martell as Chairman of Board.  Full Article

VVC Exploration Corp announces private placement of shares
Tuesday, 21 Jan 2014 08:01am EST 

VVC Exploration Corp:Says it expects to close, by the end of the month, a Private Placement Financing of up to $1.5 mln representing 30 mln units at a price of $0.05 per unit.Says each unit consists of one common share and one common share purchase warrant (warrant) of the company.Says 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.Says 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.Grants additional incentive stock options under its stock option plan, to certain officers, directors and consultants of the company, to purchase up to an aggregate of 8,000,000 common shares.  Full Article

VVC Exploration Corp announces arranging financing
Monday, 16 Dec 2013 04:20pm EST 

VVC Exploration Corp:Arranges a debt financing with Palos Merchant Fund LP. (Palos) in the amount of C$50,000 which bears interest at 15 pct per year and is secured by a Promissory Note and 5 million shares of the company held by the company's subsidiary, Camex Mining Development Group Inc.Says it will use the proceeds to pay the land use rights and the mining right taxes on the Samalayuca Property in Mexico in order to maintain the claims in goodstanding.Says net proceeds will be used to pay accounts payables, general corporate expenses, operating expenses in Mexico and maintenance fees on the company's properties in Mexico.  Full Article

VVC Exploration Corp Closes Acquisition Of All Shares Of Camex Mining Development Group Inc
Wednesday, 16 Oct 2013 08:00am EDT 

VVC Exploration Corp announced that further to its news release of October 3, 2013 and the final approval of the TSX Venture Exchange of October 9, 2013, it has closed its previously announced acquisition of all issued and outstanding shares of Camex Mining Development Group Inc. (Camex), in exchange for the issuance of 59,900,000 common shares of the Company to the shareholders of Camex (the Transaction). As well, effective today, Cameron McDonald has resigned from his positions as President and sole director of Camex. The current members of the board of directors of the Company, namely James A. Culver, Peter M. Dimmell, Bruno Dumais, Patrick Fernet, Michel J. Lafrance and Terrence F. Martell, have been elected directors of Camex. Additionally, the following officer appointments have been made: James A. Culver as President and Chief Executive Officer, Kevin Barnes as Chief Financial Officer, Patrick Fernet as Vice-President - Legal Services, and Michel J. Lafrance as Secretary-Treasurer of Camex.  Full Article

VVC Exploration Corp Announces Share Purchase Agreement
Thursday, 3 Oct 2013 10:19am EDT 

VVC Exploration Corp announced that further to its news release of September 5, 2013, the Share Purchase Agreement between VVC, Camex Mining Development Group Inc. and the shareholders of Camex (the Vendors) has been signed by all parties. Pursuant to the terms of the Agreement, VVC will purchase all of the 6,649,200 issued and outstanding shares of Camex, in exchange for the issuance of 59,900,000 common shares of the Company to the Vendors at closing. The Issued Shares will represent approximately 39.9% of all issued and outstanding common shares of the Company on a non-diluted basis, and approximately 33.0% on a fully-diluted basis. The Issued Shares will be subject to resale restrictions imposed by the TSX Venture Exchange for a period of 4 months from closing.  Full Article

VVC Exploration Corp Starts Drilling On Cumeral Gold Prospect In Mexico
Tuesday, 14 May 2013 02:05pm EDT 

VVC Exploration Corp announced the commencement of 1,000 meters of reverse circulation drilling on the Cumeral Property (Cumeral or the Property) located 70 km to the south of the US border, in Sonora State, Mexico. Drilling One mobilized a drill rig onto Cumeral from its regional office in Cuauhtemoc, Chihuahua, Mexico, following the issuance by the Mexican Department of Natural Resources and Environment of the required drilling permit. This drilling campaign is the first phase of drilling recommendations made in a recent internal report by Michel Boily, PhD, P. Geo., an independent Qualified Person. The information from this drilling, along with the detailed geological mapping and sampling on Cumeral which was previously completed previously and reported on June 12, 2012, will allow VVC to efficiently plan the next phase of exploration on Cumeral as the Company seeks to confirm potentially exploitable gold deposits on the Property.  Full Article

VVC Exploration Corp Signs Letter Of Intent For Acquisition Of Camex Mining Development
Friday, 12 Apr 2013 09:26am EDT 

VVC Exploration Corp announced that it has entered into a non-binding letter of intent dated April 12, 2013 with Camex Mining Development Group Inc. Pursuant to the Letter of Intent, the Company intends to acquire all of the issued and outstanding shares of Camex, in exchange for the issuance of 59,900,000 common shares of VVC at closing, subject to adjustments, if any, as mutually agreed upon based on due diligence. In the Letter of Intent, the parties have agreed to, among other things, an exclusivity period within which to negotiate and conclude a definitive share purchase agreement, in effect until the expiration or termination of the Letter of Intent in accordance with terms.  Full Article

VVC Exploration Corp Closes $958,500 Financing
Thursday, 7 Feb 2013 01:44pm EST 

VVC Exploration Corp announced that following receipt of the final acceptance by the TSX Venture Exchange, the Company has closed its previously announced non-brokered private placement aggregating CAD958,500 representing 19,170,000 units of the Company (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 until January 24, 2014 and thereafter at $0.18 per share until January 24, 2015. The total proceeds of $958,500 from this offering will be used for exploration on the Company's Cumeral Property in Mexico, property option payments, current accounts payable, current general corporate expenses, and for working capital, after covering the cost of the issue.  Full Article

VVC Exploration Corp Closes Subscriptions On $958,500 Financing
Thursday, 24 Jan 2013 05:59pm EST 

VVC Exploration Corp announced 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 one year and thereafter at $0.18 per share until two years after closing. The total proceeds of $958,500 from this offering will be used for exploration on the Company's Cumeral Property in Mexico, property option payments, current accounts payable, current general corporate expenses, and for working capital, after covering the cost of the issue.  Full Article

No consensus analysis data available.
Search Stocks