Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

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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. 

Company Quote

0.03
0.0050 +20.00%
9:30am EST