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VVC Exploration Closes a Brokered Private Placement
Published : April 13, 2011
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Keywords :   Canada | G Mexico | Gold | Lead | Market | Market Conditions | Mexico | Silver | Zinc |

TORONTO, ONTARIO--(Marketwire - April 13, 2011) - VVC EXPLORATION CORPORATION (News - Market indicators)(FRANKFURT:V7S) ("VVC" or the "Company") announces having closed a brokered private placement at 7¢ per unit amounting to CA$770,000 for 11,000,000 units. Each unit comprises one common share and one share-purchase warrant to purchase an additional share at $0.12 until April 11th, 2012. The net proceeds after will be used for working capital, retiring accounts payables, Property options payments, exploration expenditures on Company's properties in Mexico and in Canada. The shares will be subject to resale restrictions for four months until August 12th, 2011. The Private Placement has been conditionally accepted for filing by the TSX Venture Exchange.

Palos Merchant Bank L.P. ("Palos"), acting through its sole general partner, Palos Management Inc., of Montreal, Quebec, acted as agent and received a commission equal to $47,950 plus applicable taxes, of which $9,450 was paid in cash and the balance settled by the issuance of an additional 550,000 common shares of the Company.

"We are very pleased with the performance of Palos and its sales team, who were successful in rapidly raising the $770,000" said Daniel Grenier, CEO of the Company. "This financing ensures the Company's ability to maintain its main Cumeral Property in Mexico and look for more opportunities in Mexico."

About VVC:

VVC Exploration Corporation is a Canadian exploration company with projects in Mexico and Canada. This includes gold prospects in Sonora and Sinaloa, a gold-silver prospect in northern Durango, and a silver/lead/zinc prospect in Chihuahua State, all in Mexico, and grass-roots gold properties in the Timmins area of northern Ontario and in the Beauce-Bellechasse area of southern Quebec. 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 gold and silver in Mexico.

On Behalf of the board of Directors

Michel J. Lafrance, Secretary-Treasurer

This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives that subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding financings are subject to all of the risks and uncertainties normally incident to fund raising by public companies. These risks include, but are not limited to, market conditions and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Neither the TSXV nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release.

VVC Exploration Corporation
Patrick Fernet
Vice-President
514-631-2727 or 1-877-558-2727 ext 224
pfernet@vvcexploration.com
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$ 5.5 millions as of today (US$ 4.0 millions, € 3.6 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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