VVC Announces the Issuance of Compensation Shares
Published : October 18, 2013
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Keywords :   Canada | Copper | G Mexico | Gold | Market | Mexico | Silver |

TORONTO, ONTARIO--(Marketwired - Oct. 18, 2013) - VVC Exploration Corporation ("VVC" or the "Company") (News - Market indicators) announces that the Company is issuing 1,925,000 common shares at an issue price of $0.05 per share to Directors, Officers and their support personnel (the "Recipients") as a one-time compensation for current and past services rendered (the "Transaction"). The Board determined that the Recipients have not been properly compensated for such services rendered to the Company, such as participation in board of directors meetings, participation in audit committee and steering committee meetings, review, analysis, opinion, and assistance on geological, accounting, financial and daily matters of the Company. In order to preserve and maintain the liquidity of the Company, the Recipients elected to receive shares in lieu of cash.

The particulars of this transaction were described in the Information Circular dated July 2nd, 2013 for the Annual General and Special Meeting of Shareholder (the "AGSM") of the Company held on July 30th, 2013. The Information Circular is available for downloading from www.sedar.com. The Transaction was approved by 99.68% of the disinterested shareholders of the Company present at the AGSM, with the votes attached to the common shares owned by any of the Recipients counted as an abstention.

About VVC Exploration Corporation

VVC is a Canadian exploration company with projects in Mexico and Canada, which include a gold prospect in Sonora State, a gold placer prospect in Sinoloa State, a copper prospect in Chihuahua State, and a gold-silver prospect in Sonora State, all in Mexico. The Company also has grass-roots gold prospects in the Timmins area of northern Ontario. In addition, VVC is aggressively searching for other projects - especially precious minerals and base metals at various stages of development in North America, mainly in Mexico, Québec and Ontario.

On behalf of the Board of Directors
 
Michel J. Lafrance, Secretary-Treasurer

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.



Patrick Fernet
Vice-President
pfernet@vvcexploration.com
(514) 631-2727
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

VVC Exploration Corp.

EXPLORATION STAGE
CODE : VVC.V
ISIN : CA9184061096
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VVC Exploration is a silver and gold exploration company based in Canada.

VVC Exploration holds various exploration projects in Canada and in Mexico.

Its main exploration properties are CUMERAL in Mexico and UNGAVA, BEAVER BROOK and BRETT CLAIMS in Canada.

VVC Exploration is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 8.2 millions as of today (US$ 6.0 millions, € 5.6 millions).

Its stock quote reached its highest recent level on December 31, 2004 at CA$ 1.45, and its lowest recent point on April 22, 2016 at CA$ 0.01.

VVC Exploration has 181 786 131 shares outstanding.

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Annual reports of VVC Exploration Corp.
2007 Annual Report
Annual Report 2006
Annual Report 2005
Financings of VVC Exploration Corp.
2/7/2013Closes $958,500 Financing
1/24/2013Closes Subscriptions on $958,500 Financing
1/11/2013Extends Private Placement Closing
9/21/2012Completes Financing
4/13/2011Closes a Brokered Private Placement
Project news of VVC Exploration Corp.
5/14/2013(Cumeral)Starts Drilling on Cumeral Gold Prospect in Mexico
Corporate news of VVC Exploration Corp.
6/7/2016VVC Announces Convertible Debenture Financing, Samalayuca Co...
9/11/2015VVC Exploration Obtains Option to Increase Its Ownership in ...
3/12/2015VVC Exploration Provides Projects Update
3/12/2015VVC Exploration Provides Projects Update
3/12/2015Provides Projects Update
1/22/2015VVC Exploration - Extension of Series U Warrants
10/24/2014VVC Exploration Announces Closing of $411,365 Private Placem...
10/24/2014VVC Exploration Announces Closing of $411,365 Private Placem...
9/24/2014VVC Extending Closing Date of $1.5 Million Private Placement...
9/2/2014VVC Signs $4 Million Loan Agreement and Announces Proposed T...
8/11/2014VVC Receives Documentation for $2 Million Loan and Announces...
8/7/2014VVC Exploration: Results of Annual Meeting & Warrant Extensi...
6/30/2014VVC Mailing Proxy Material
4/4/2014Camex Mining Development Sells 800,000 Shares of VVC Explora...
10/18/2013Announces the Issuance of Compensation Shares
10/16/2013Announces the Acquisition of All Shares of Camex
10/3/2013Signs Share Purchase Agreement
9/5/2013-Update on Acquisition of Shares of Camex
8/2/2013-Results of Annual General and Special Meeting
7/30/2013Reports on Mexican Gold/Silver/Copper Property Exploration
7/3/2013Mailing Proxy Material
6/4/2013Update on Shareholders' Meeting and Acquisition of Shares of...
5/1/2013to Resume Trading
4/12/2013Signs Letter of Intent for Acquisition of Camex Mining Devel...
10/9/2012Announces Strategic Review Process
9/14/2012-Board of Director Changes
5/9/2011-Management & Board of Director Changes
3/25/2011Announces A Brokered Private Placement
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