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...
Nine Mile Metals Intersects 44 Meters of Copper Mineralization and Provides Drill Program Update

Nine Mile Metals Intersects 44 Meters of Copper Mineralization and Provides Drill Program Update

Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to provide the details of drill hole WD-25-05 in addition to a summary of the 2025 drill program completed in December at the Wedge Project.Drillhole WD-25-05:DDH WD-25-05 collared... Keep Reading...
Businessman interacting with M&A icons on a transparent screen.

Rio Tinto and Glencore Walk Away from Mega-Merger, but Mining M&A Marches On

The collapse of merger talks between Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Glencore (LSE:GLEN,OTCPL:GLCNF) has ended what would have been the mining industry’s largest-ever deal.The two companies confirmed last week that discussions over a potential US$260 billion combination have been... Keep Reading...
Copper ore with "5 Top Canadian Mining Stocks" text overlay.

Top 5 Canadian Mining Stocks This Week: Giant Mining Gains 70 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 and US news impacting the resource sector.Statistics Canada released January’s jobs report on Friday (February 6). The data shows that... Keep Reading...
Gold and copper coloured ore on black sand with "5 Top Australian Mining Stocks This Week" text overlay.

Top Australian Mining Stocks This Week: Solstice Minerals Soars on Strong Copper Drill Results

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.In global news, Australia took part in a ministerial meeting hosted by the US this week. The gathering was aimed at exploring a... Keep Reading...
Map of Central Africa, magnifying glass over Democratic Republic of the Congo.

Glencore Signs MOU with Orion Consortium on Potential US$9 Billion DRC Asset Deal

Glencore (LSE:GLEN,OTCPL:GLCNF) has entered into preliminary talks with a US-backed investment group over the potential sale of a major stake in two of its flagship copper and cobalt operations in the Democratic Republic of Congo (DRC).In a joint statement, Glencore and the Orion Critical... Keep Reading...
Critical Mineral Resources

Drilling Ramping-up Following Oversubscribed Fundraise

Critical Mineral Resources plc (“CMR”, “Company”) is pleased to report that following the recently completed and heavily oversubscribed fundraise, diamond drilling with two rigs is ramping-up over the coming weeks as the weather improves. Drilling during H1 is designed to produce Agadir... 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