VVC Exploration Extends Private Placement Closing
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/28/12 -- VVC EXPLORATION CORPORATION (TSX VENTURE: VVC)(FRANKFURT: V7S) ("VVC" or the "Company") announces that it has requested and obtained a 30-day extension for the final closing of a previously announced non-brokered private placement of 30,000,000 units of the Company ("Units") at a price of $0.05 per Unit for an aggregate of $1,500,000. Each Unit consists of one common share and one common share purchase warrant (a "Warrant") of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share until August 31, 2013 and thereafter at $0.18 per share until August 31, 2014.
The Private Placement was to close on August 31, 2012. A first tranche of $147,506 comprising of 2,950,120 units closed in July. The Company will endeavour to close the remaining approximately $1.35 million before September 27, 2012.
The Company also announces having filed on SEDAR a 43-101 Compliant Technical Report on its Cumeral Property in Sonora State, Mexico, which report was prepared by Michel Boily, PhD, P. Geo. (QP).
About VVC:
VVC Exploration Corporation is a Canadian exploration company with projects in Mexico and Canada, including gold/silver prospects in Sonora and Sinaloa states, Mexico and in the Timmins area of northern Ontario. VVC is also aggressively searching for other projects - mainly precious minerals and base metals at various stages of development in North America, with an emphasis on near-surface gold and silver projects in Mexico.
On Behalf of the board of Directors
Michel J. Lafrance, Secretary-Treasurer
Neither the TSXV nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
VVC Exploration Corporation
Patrick Fernet
Vice-President
514-631-2727 or 1-877-558-2727 ext 224
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Unternehmensinformation / Kurzprofil:
Datum: 28.08.2012 - 20:00 Uhr
Sprache: Deutsch
News-ID 178388
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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