Key Developments: VVC Exploration Corp (VVC.V)

VVC.V on TSX Venture Exchange

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25 Aug 2015
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Latest Key Developments (Source: Significant Developments)

VVC Exploration announces closing of $411,365 private placement
Friday, 24 Oct 2014 08:00am EDT 

VVC Exploration Corp:Completes previously announced non-brokered private placement aggregating $411,365 and representing 8,227,300 units of company at price of $0.05 per unit.Each unit consists of one common share and one common share purchase warrant of the company.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 Oct. 22, 2019.Says securities being issued pursuant to this private placement will be subject to a hold period which expires on Feb. 23, 2015.  Full Article

VVC Exploration Corp signs $4 mln loan agreement
Tuesday, 2 Sep 2014 07:30am EDT 

VVC Exploration Corp:Says Camex Mining Development Group Inc, subsidiary signed loan agreement with Aeris Trading Corp.Says agreement for loan of up to $4 mln.Says loan agreement has been conditional accepted for filing by TSX Venture Exchange.Loan will provide funds for completion of permit and mine planning process on the Samalayuca Copper project.  Full Article

VVC Exploration Corp announces $1.5 mln private placement
Monday, 11 Aug 2014 03:49pm EDT 

VVC Exploration Corp:Expects to close, by Sept.19, a Private Placement Financing of up to C$1.5 million representing 30 million units at a price of $0.05 per Unit, subject to the acceptance of the TSXV.Each Unit consists of one common share and one common share purchase 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 two years and at $0.18 for the next three years.Net proceeds will be used to cover maintenance fees and option payments on the company's properties in Mexico, pay accounts payables, general corporate expenses and operating expenses in Mexico.  Full Article

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

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