VVC Exploration Corporation: Update on Shareholders' Meeting and Acquisition of Shares of Camex
Published : June 04, 2013
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Keywords :   Canada | G Mexico | Gold | Market | Mexico |

TORONTO, ONTARIO--(Marketwired - June 4, 2013) - VVC Exploration Corporation ("VVC" or the "Company") (News - Market indicators) is pleased to announce that, further to its news releases of April 12, 2013 and May 1, 2013, it is progressing in its due diligence investigations of Camex Mining Development Group Inc. The parties are in the process of negotiating the definitive agreements pursuant to which the Company intends to acquire all of the issued and outstanding shares of Camex, in exchange for the issuance of 59,900,000 common shares of VVC at closing, subject to adjustments, if any, as mutually agreed upon based on due diligence (the "Transaction").

The Transaction is set to close shortly after the upcoming Annual General and Special Meeting of Shareholders ("AGM") of shareholders of the Company. Closing of the Transaction will be subject to, among other things, the satisfactory completion of VVC's due diligence investigations and the receipt of all necessary consents and approvals, including the approval of the shareholders of both VVC and Camex and the approval of the TSX Venture Exchange.

The AGM is scheduled for 10:30 am on Tuesday, July 30, 2013 in the Toscana I Room of the Marriott Fairfield Inn & Suites - Montréal Airport, 700 Avenue Michel Jasmin, Dorval, Québec H9P 1C5. The Record Date for voting and receiving notice of the AGM has been set at June 24, 2013. The proxy material will be mailed to Shareholders on or about July 3, 2013 and will contain the details of the meeting.

The Company's Transfer Agent will be mailing proxies to the Registered Shareholders (holding physical share certificates) and a Voting Instruction Form (VIF) to the NOBO Shareholders (who have consented to having their broker release the details of their shareholdings to the Company). Shareholders will be able to vote online, by fax or by mail. The OBO Shareholders (who have requested to remain anonymous) may, at the discretion of their broker, receive a proxy or a VIF mailed by the Broker or his agent. Shareholders receiving a VIF will be required to submit their VIF in such time that it is received at least 48 hours before the meeting, and if they wish to attend the AGM and vote personally, they must appoint themselves as proxyholder. Shareholders may want to contact their broker to verify whether they are on the NOBO or OBO list and, if desired, request a change of their status before the Record Date.

About VVC Exploration Corporation

VVC is a Canadian exploration company with projects in Mexico and Canada, which include a gold prospect in Sonora State and a gold placer prospect in Sinoloa State, both 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

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (hereinafter collectively referred to as "forward-looking statements"). The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by VVC at the time of preparation, may prove to be incorrect. Forward-looking statements, including expectations with respect to closing the transaction after the upcoming AGM and obtaining the approval of the TSX Venture Exchange, are subject to certain risks and uncertainties, and actual results may differ materially from VVC's plans and expectations. These plans, expectations, risks and uncertainties are detailed from time to time in the filings made by VVC with the TSX Venture Exchange and securities regulators. VVC does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Completion of the Transaction is subject to a number of conditions, including the entering into a definitive agreement, TSX Venture Exchange acceptance and approval of the shareholders of VVC. The Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as to be disclosed in the Management Information Circular being prepared for mailing to shareholders, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of VVC should be considered highly speculative.

All forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

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.

VVC Exploration Corporation
Patrick Fernet
Vice-President
(514) 631-2727
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
3/12/2015Provides Projects Update
3/12/2015VVC Exploration Provides 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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