indebtedness

VVC Announces Debt Conversion of Outstanding Debentures

VVC Exploration Corporation (" VVC " or the "Company") (TSX-V:VVC) announces the following:

Debt Conversion

The Company wishes to settle an aggregate of up to $650,000 of indebtedness (the "Debt Conversion") by the issuance of up to 9,300,000 Shares and 9,300,000 Warrants (collectively the "Units") at $0.07 per Unit. The indebtedness is primarily a result of debentures maturing between Dec. 20, 2020 and Nov. 20, 2021. One of the Debenture holders is an insider of the Company. The transaction is subject to receiving signed subscription agreements from the debt holders and also subject to the approval of the TSX Venture Exchange.

The Company will offer the Debenture Holders the opportunity to convert the principle amount and accrued interest at a price of CA$0.07 per Unit. Each Unit would comprise one common share ("Share") and one common share purchase warrant ("Warrant") entitling the holder to purchase one additional Share of the Company for a period of three years from Closing, at an exercise price of CA$0.10 per share.

The Debt Conversion would close following receipt of the final acceptance of the TSXV. All securities to be issued pursuant to the offering will be subject to the applicable statutory, exchange and regulatory hold period of four months and any other required resale restrictions. The securities to be issued have not and will not be registered under the US Securities Act of 1933, as amended, or any state securities laws.

Risk Factors

The Company's business involves a variety of operational, financial and regulatory risks that are typical in the natural resource industry. These risk factors are more fully described in the "Financial Instruments and Risk Management" section and the "Business Risks" section of its Management's Discussion & Analysis (MD&A) which are prepared quarterly in conjunction with its Financial Statements and filed on SEDAR (www.sedar.com).

About VVC Exploration Corporation

VVC is a Canadian exploration and mining company focused on the exploration and development of copper and gold deposits in Northern Mexico, specifically the Kaity Copper Project located in in Chihuahua State. VVC has other projects in Mexico and Canada, including gold and silver prospects, Cumeral and La Tuna, in Sonora and Sinaloa States, Mexico and 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 or Trevor Burbank - (214) 641-1041
E-mail: pfernet@vvcexploration.com E-mail: trevor@vvcexpl.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.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

VVC Resources

VVC Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
VVC Resources (TSXV:VVC)

VVC Resources

Engaging in the exploration, development, and management of natural resources

Engaging in the exploration, development, and management of natural resources Keep Reading...
Rows of fine copper bars with text that reads "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Getty Copper Gains 167 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.On Monday (March 16), Statistics Canada released the consumer price index (CPI) report for February.... Keep Reading...
Bayrock Resources Limited

ECC Ventures 5 Corp. enters Definitive Agreement with Bayrock Resources for Qualifying Transaction

ECC Ventures 5 Corp. (the "Company" or "ECC5") (TSX-V: ECCV.P), a capital pool company listed on the TSX Venture Exchange Inc. (the "Exchange"), further to its press release of November 12, 2025, is pleased to announce that it has entered into a bid implementation agreement dated March 9, 2026... Keep Reading...
Closeup of the end of many copper cylinders of varying sizes.

Top 5 ASX Copper Stocks in 2026

Copper prices have been elevated since the second half of 2025 amid growing supply and demand concerns, with the metal hitting new highs on the COMEX and London Metal Exchange (LME) in late January. These concerns stem from increasing demand for copper from urbanisation, the energy transition... Keep Reading...
Stacks of 100-dollar bills arranged closely together.

Liberty Gold Sells Utah Critical Minerals Project to Blue Moon

Liberty Gold (TSX:LGD,OTCQX:LGDTF) has agreed to sell its Gage project in southern Utah to Blue Moon Metals (NASDAQ:BMM), shifting its focus away from non-core assets while giving Blue Moon a larger foothold in a strategic US critical minerals district.The deal will see Liberty Gold receive... Keep Reading...
Corazon Mining Managing Director Simon Coyle.

Corazon Mining Gears Up for Maiden Diamond Drilling at Two Pools Project

Corazon Mining (ASX:CZN) is preparing to launch its first diamond drilling program at the Two Pools gold project in Western Australia, marking a key step as the company advances exploration at the asset.In an interview with the Investing News Network, Managing Director Simon Coyle said that... Keep Reading...
Hand holding smartphone displaying LME logo, website background reads "market data."

LME Trading Halt Hits Metals Markets During Peak Pricing Window

Trading across the London Metal Exchange (LME) was abruptly halted on Monday (March 16) after a technical failure froze electronic activity in key industrial markets. The outage, which began at around 2:44 p.m. GMT, disrupted pricing and affected all electronic contracts on the exchange,... Keep Reading...
VVC Resources

VVC Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News