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)
Culpeo Minerals

Culpeo Minerals Targets District-Scale Copper in Chile’s Coastal Cordillera

Culpeo Minerals (ASX:CPO, OTCQD:CPQRF) is aiming to build a district-scale copper resource of 50 million to 100 million tonnes in Chile’s Coastal Cordillera, Non-Executive Chairman Geoff McNamara said on Rob Tyson’s “Dig Deep, The Mining Podcast.”Its flagship asset Lana Corina, along with its... Keep Reading...
The flag of Chile waves against a clear blue sky.

Capstone Copper Plans US$3 Billion Chile Investment to Double Output by 2031

Capstone Copper (TSX:CS,ASX:CSC,OTCPL:CSCCF) said on Monday (October 26) that it plans to spend US$3 billion in Chile’s Atacama region to double its copper production in the country by 2031.The miner announced the plan at a ceremony at its Mantoverde mine led by Chilean President José Antonio... Keep Reading...
A white rectangle with blue text reads: Teck, over a blurred industrial website background.

Teck Resources Faces Strike at Highland Valley Copper Mine

Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) is operating its Highland Valley copper mine in British Columbia at reduced capacity after United Steelworkers Local 7619 commenced strike action.The Vancouver-based mining company confirmed the labour disruption on Saturday (October 24), saying... Keep Reading...
Open-pit copper mine near Lumumbashi in Shaba region of Southern DRC.

Copper's Second Act: How Processed Tailings Can Aid in Rising Demand

The looming copper supply gap won’t close through mine production alone. Part of the answer lies in processing waste that historical mining left behind.Data from the University of Queensland’s Sustainable Minerals Institute estimates that approximately 13 billion metric tons of mine tailings are... Keep Reading...
Retro copper-colored magnifying glass and old white nautical chart.

New Finds in Old Ground: How Modern Exploration is Revisiting Historical Deposits

Previously known deposits are increasingly becoming a focus of current exploration activities, as new discoveries are more rare. In the copper scene, for example, funding for grassroots exploration was reported to have fallen by roughly 60 percent over the past decade. In a PDAC 2026 keynote,... Keep Reading...
"Welcome to Arizona" sign with red, yellow and blue stripes under a clear sky.

Hudbay, Mitsubishi Greenlight Major US Copper Mine in Arizona

Hudbay Minerals (TSX:HBM,NYSE:HBM) and Mitsubishi (TSE:8058,OTCPL:MSBHF) have approved construction of Copper World, clearing the way for what Hudbay calls the "next major US copper mine" to produce in H2 2029.The final investment decision was released on Wednesday (October 21) along with the... Keep Reading...

Interactive Chart

Latest Press Releases

Related News