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VVC Exploration Closes Subscriptions on $958,500 Financing
Published : January 24, 2013
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Keywords :   Canada | Gold | Mexico | Silver |

TORONTO, ONTARIO--(Marketwire - Jan. 24, 2013) - VVC EXPLORATION CORPORATION (News - Market indicators)(FRANKFURT:V7S) ("VVC" or the "Company") is pleased to announce that it has closed subscriptions for a previously announced non-brokered private placement. Subscriptions received aggregate $958,500 and represent 19,170,000 units of the Company ("Units") at a price of $0.05 per Unit, exceeding the target of $850,000. 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 for 1 year and thereafter at $0.18 per share until 2 years after closing.

The Company will be submitting all required documents to the TSX Venture Exchange ("TSXV") to secure their final acceptance. Closing of this private placement will occur following receipt of the TSXV final acceptance. Shareholders will be advised on a timely basis on any further developments. The securities to be issued pursuant to this private placement will be subject to the customary 4-month hold period expiring.

The total proceeds of $958,500 from this offering will be used for exploration on the Company's Cumeral Property in Mexico, property option payments, current accounts payable, current general corporate expenses, and for working capital, after covering the cost of the issue.

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.

VVC Exploration Corporation
Patrick Fernet
Vice-President
514-631-2727
pfernet@vvcexploration.com
Companies Mentionned : Aura Minerals | Metals X | Total | Vvc Exploration |
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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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 $958,500 Financing
1/11/2013Extends Private Placement Closing
9/21/2012Completes Financing
4/13/2011Closes a Brokered Private Placement
Project news of VVC Exploration Corp.
5/14/2013(Cumeral)Starts Drilling on Cumeral Gold Prospect in Mexico
Corporate news of VVC Exploration Corp.
10/18/2013Announces the Issuance of Compensation Shares
10/16/2013Announces the Acquisition of All Shares of Camex
10/3/2013Signs Share Purchase Agreement
9/5/2013-Update on Acquisition of Shares of Camex
8/2/2013-Results of Annual General and Special Meeting
7/30/2013Reports on Mexican Gold/Silver/Copper Property Exploration
7/3/2013Mailing Proxy Material
6/4/2013Update on Shareholders' Meeting and Acquisition of Shares of...
5/1/2013to Resume Trading
4/12/2013Signs Letter of Intent for Acquisition of Camex Mining Devel...
3/6/2013Options La Tuna Property to Exploracion Rio Placer
10/9/2012Announces Strategic Review Process
9/14/2012-Board of Director Changes
5/9/2011-Management & Board of Director Changes
3/25/2011Announces A Brokered Private Placement
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TSX-V (VVC.V)BERLIN (V7S.BE)
0.025+0.00%0.0000
TSX-V
CA$ 0.025
11/21 15:45 -
0%
Prev close Open
0.025 0.025
Low High
0.025 0.025
Year l/h YTD var.
0.025 -  0.080 -50.00%
52 week l/h 52 week var.
0.025 -  0.080 -50.00%
Volume 1 month var.
76,000 -16.67%
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