• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

    VVC Exploration Closes Private Placement Financings

    Micha Boon
    Dec. 21, 2017 01:44PM PST
    Base Metals Investing
    TSXV:VVC

    In a release issued under the same headline earlier today by VVC Exploration Corporation (TSX-V:VVC), please note that in the “Equity Financing” paragraph of the release, both of the amounts of Shares and both of the amounts of Warrants have been revised.

    In a release issued under the same headline earlier today by  VVC Exploration Corporation (TSXV:VVC), please note that in the “Equity Financing” paragraph of the release, both of the amounts of Shares and both of the amounts of Warrants have been revised. The corrected release follows:

    VVC Exploration Corporation (“VVC” or the “Company”) (TSX-V:VVC) announces the closing of 2 non-brokered private placement financings on December 20, 2017.

    Equity Financing

    The Company held a second and final closing of an equity private placement financing (the “Equity Financing”) for which the first closing occurred on October 31, 2017.  A total of 6,372,740 additional Shares and 3,186,370 additional Warrants are being issued pursuant to the second closing of the Equity Financing for CA$ 318,637.  An aggregate of 31,522,590Shares and 15,761,295 Warrants were issued pursuant to this Private Placement for the aggregate value of CA$ 1,576,129.50.  No insiders participated in the 2nd Closing.

    The Equity Financing included units of the Company (“Units”) at a price of CA$ 0.05 per Unit, whereby each Unit comprises one common share (a “Share”) and one-half of one common share purchase warrant (a “Warrant”) of the Company.  Each full Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of CA$0.06 per share until November 30, 2020.

    Debenture Financing
    The Company also closed a non-brokered convertible 3-year Debenture private placement financing of US150,000 (the “Debenture Financing”) whereby the Debenture is convertible into common shares at a conversion rate US$0.04 per share in the first year and at US$0.08 per share in years 2 and 3.  An aggregate of 750,000 detachable warrants are being issued with the Debenture.  Each Warrant entitles the holder to purchase one additional share of the Company at an exercise price of US$0.11 per share, until December 20, 2020. The Company received the TSX Venture conditional acceptance for the Debenture Financing.

    Other
    The Company received the conditional acceptance of TSX Venture Exchange for both financings.  All securities issued pursuant to these financings are subject to the applicable statutory, exchange and regulatory hold period of four months, expiring on April 21, 2018.  Prior to the closings, 237,745,821 shares were issued and outstanding. For more information on the Company’s Share capital, please refer to the Quarterly Financial Statements filed on SEDAR (www.sedar.com).

    The proceeds of these Financings will be used for ongoing drilling program, maintenance fees and option payments on the Company’s Samalayuca Copper Project, and for fees and work related to its Cumeral and La Tuna projects in Mexico, general administration costs in Canada and Mexico and for working capital.

    About VVC Exploration Corporation
    VVC is a Canadian exploration and mining company with projects in Mexico and Canada, including the Samalayuca copper property in Chihuahua State, and gold and silver prospects in Sonora and Sinaloa States, Mexico.  The Company also has a grassroots gold/VMS prospect in the Timmins area of northern Ontario. Visit our website at: https://vvcexpl.com.

    On behalf of the Board of Directors

    Michel J. Lafrance, Secretary-Treasurer

    For further information, please contact:
    Patrick Fernet – (514) 631-2727
    E-mail:     pfernet@vvcexploration.com

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    —
    VVC Exploration Corporation (“VVC” or the “Company”) (TSXV:VVC) announces the closing of 2 non-brokered private placement financings on December 20, 2017.
    Equity Financing
    The Company held a second and final closing of an equity private placement financing (the “Equity Financing”) for which the first closing occurred on October 31, 2017. A total of 5,104,740 additional Shares and 2,552,370 additional Warrants are being issued pursuant to the second closing of the Equity Financing for CA$ 318,637. An aggregate of 30,254,590 Shares and 15,127,295 Warrants were issued pursuant to this Private Placement for the aggregate value of CA$ 1,576,129.50. No insiders participated in the 2nd Closing.
    The Equity Financing included units of the Company (“Units”) at a price of CA$ 0.05 per Unit, whereby each Unit comprises one common share (a “Share”) and one-half of one common share purchase warrant (a “Warrant”) of the Company. Each full Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of CA$0.06 per share until November 30, 2020.
    Debenture Financing
    The Company also closed a non-brokered convertible 3-year Debenture private placement financing of US150,000 (the “Debenture Financing”) whereby the Debenture is convertible into common shares at a conversion rate US$0.04 per share in the first year and at US$0.08 per share in years 2 and 3. An aggregate of 750,000 detachable warrants are being issued with the Debenture. Each Warrant entitles the holder to purchase one additional share of the Company at an exercise price of US$0.11 per share, until December 20, 2020. The Company received the TSX Venture conditional acceptance for the Debenture Financing.
    Other
    The Company received the conditional acceptance of TSX Venture Exchange for both financings. All securities issued pursuant to these financings are subject to the applicable statutory, exchange and regulatory hold period of four months, expiring on April 21, 2018. Prior to the closings, 237,745,821 shares were issued and outstanding. For more information on the Company’s Share capital, please refer to the Quarterly Financial Statements filed on SEDAR (www.sedar.com).
    The proceeds of these Financings will be used for ongoing drilling program, maintenance fees and option payments on the Company’s Samalayuca Copper Project, and for fees and work related to its Cumeral and La Tuna projects in Mexico, general administration costs in Canada and Mexico and for working capital.
    About VVC Exploration Corporation
    VVC is a Canadian exploration and mining company with projects in Mexico and Canada, including the Samalayuca copper property in Chihuahua State, and gold and silver prospects in Sonora and Sinaloa States, Mexico. The Company also has a grassroots gold/VMS prospect in the Timmins area of northern Ontario. Visit our website at: https://vvcexpl.com.
    On behalf of the Board of Directors
    Michel J. Lafrance, Secretary-Treasurer
    For further information, please contact:
    Patrick Fernet – (514) 631-2727
    E-mail: pfernet@vvcexploration.com
    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
    Click here to connect with VVC Exploration Corporation (TSXV:VVC)  to receive an Investor Presentation

    Source: globenewswire.com

    tsxv:vvcsilver prospectscanadaboard of directorsprivate placementcopper investing
    The Conversation (0)
    Go Deeper
    AI Powered
    CoTec Holdings (TSXV:CTH)

    CoTec Holdings Corp. Announces Initial Closing of Life Offering and Concurrent Private Placement

    TSX Venture Exchange Stock Maintenance Bulletins

    Latest News

    VVC Resources
    Sign up to get your FREE

    VVC Resources Investor Kit

    and hear about exciting investment opportunities.
    • Corporate info
    • Insights
    • Growth strategies
    • Upcoming projects

    GET YOUR FREE INVESTOR KIT

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Blackstone Minerals

     
    BSX:AU

    Osisko Metals: Pure Potential

     
    OM:CA

    Los Andes Copper

     
    LA:CA

    Questcorp Mining

     
    QQQ:CC

    Cygnus Metals

     
    CYG:CC

    Redstone Resources

     
    RDS:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×