agm stock

VVC Exploration - Results of Annual Shareholders' Meeting and Option Grant

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

Shareholders' Meeting

The Company's virtual Annual General Meeting of Shareholders ("AGM") took place virtually earlier today. At the AGM, shareholders unanimously approved the election of all Directors proposed by Management and the re-appointment of MNP LLP as auditors of the Company.

The formal business session of the AGM, was chaired by the Chairman of the Board, Terrence Martell. A Presentation and Q&A Session followed, whereby the President and CEO of the Company, Jim Culver, updated the attendees on the status of the Company.

The Formal Business session and the Presentation session of the AGM were recorded and will be posted on the Company website, as soon as possible.

In Board Meeting following the AGM, the Directors reappointed the following executive officers for VVC and the Chairman of the Board of Directors:

  • Jim Culver, President and CEO
  • Terrence Martell, Chairman of the Board
  • Kevin Barnes, Chief Financial Officer
  • Michel Lafrance, Secretary-Treasurer

VVC Chairman, Terrence Martell, commented, "On behalf of Management and the Directors, I wish to thank our shareholders for their loyal support throughout the past year, and we look forward to serving you for another year."

Option Grant

The Directors also granted incentive stock options under its stock option plan, to officers, directors and consultants of the Company, to purchase up to an aggregate of 14,750,000 common shares, representing 2.96%% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.14 per share expiring August 19, 2031. Pursuant to the TSX Venture Exchange policies, the exercise price was fixed at the minimum allowable price. The options, granted in accordance with the provisions of the Company's stock option plan, are subject to the TSX Venture Exchange policies and the applicable securities laws. Of the Options granted, 55.9% were to directors, 23.7% to Officers and 20.3% to Employees/Consultants of the Company.

About VVC Exploration Corporation

VVC is a publicly traded Canadian-based mining exploration and development company listed on the TSX Venture Exchange (TSX-V:VVC). With the addition of PHC, VVC is also a Helium Producing company. VVC's portfolio includes the Gloria Copper Project in Northern Mexico, precious metals properties also in Mexico and the Helium Projects owned by its wholly owned subsidiary, Plateau Helium Corporation ("PHC"). VVC is currently focused on the Helium Projects owned by PHC and will resume the development of Gloria Copper Project, as soon as Covid-19 restrictions are removed in Mexico. To learn more, 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
or Trevor Burbank - (214) 641-1041
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

The Conversation (0)
Advanced quantum computer hardware with complex copper wiring and futuristic design.

Wired in Metal: AI and the Changing Copper Cycle

The world is witnessing the start of a new copper supercycle.Copper supply and demand have long been dependent on electricity and industrial sectors, with the previous mining cycle cemented by infrastructure projects, manufacturing expansion and rapid city growth. The growing focus on generative... Keep Reading...
Person holds piece of copper metal ore above a blurry copper-colored background.

Antofagasta Cuts Guidance Amid Global Copper Squeeze

Antofagasta (LSE:ANTO,OTCPL:ANFGF) has slashed its annual copper guidance following historic winter storms at its flagship mine in Chile, compounding a global supply squeeze that has pushed prices to record highs.The company lowered its 2026 copper output forecast to between 625,000 and 655,000... Keep Reading...
"Glencore" logo on phone screen.

Korea's Export-Import Bank Lends Glencore US$1 Billion for Copper Supply

The Export-Import Bank of Korea will extend US$1 billion in financing to Glencore (LSE:GLEN,OTCPL:GLCNF) in exchange for guaranteed supply of copper for South Korean industrial companies, Bloomberg reported.The state-run lender notes that Glencore’s mining operations in Chile and Peru offer... Keep Reading...
Nine Mile Metals Announces Certified Assays of 3.49% Cu-Eq over 24.55 meters  in DDH WD-26-09

Nine Mile Metals Announces Certified Assays of 3.49% Cu-Eq over 24.55 meters in DDH WD-26-09

Including 4.03% Cu-Eq over 16.50m and 5.22% Cu-Eq over 6.50m Nine Mile Metals Ltd. (CSE: NINE,OTC:VMSXF) (OTCID: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce certified assay results for DDH WD-26-09, at the Wedge Mine in the Bathurst Mining Camp, New Brunswick. 3.49%... Keep Reading...
Brightly lit server room with rows of metal racks on shiny floors and colorful cables overhead.

Copper in Power: How AI-Driven Data Centers Affect Copper Demand

Data centers are electricity-dependent, and electricity requires copper.Copper is known as the second best conductor of electricity among all metals, second to silver. It holds about 95 percent of silver’s conductivity, yet remains the popular option for electrical wiring given its proven... Keep Reading...
Copper bars with weight stamps, stock market chart background.

What Was the Highest Price for Copper?

Strong demand in the face of looming supply shortages has pushed copper to new heights in recent years.With a wide range of applications in nearly every sector, copper is by far the most industrious of the base metals. In fact, for decades, the copper price has been a key indicator of global... Keep Reading...

Interactive Chart

Latest Press Releases

Related News