VVC Exploration - Acquisition of Additional Shares of Samalayuca Cobre and Extension of Previously Issued Warrants
November 3, 2020

VVC Exploration Corporation ("VVC" or the "Company") (TSX-V:VVC) announces the following transactions.


Acquisition of Remaining Shares of Samalayuca Cobre


Through its wholly owned subsidiary, Camex Mining Development Group Inc., VVC currently owns 45,000 shares of Samalayuca Cobre S.A. de C.V. ("SCSA") representing 33.75% of the outstanding shares of SCSA (the "SCSA shares"). Pursuant to Option Agreements entered into in September 2015 with Ressources Orford Inc. ("Orford") and Inversiones Agrofinancieras de Panama, S. A. ("IAP"), the Company had options to purchase an additional 45,000 SCSA shares. The Company wished to acquire all the SCSA shares and as such entered into discussions with all the SCSA shareholders to finalize agreements to acquire the remaining 88,333 SCSA shares.


For this purpose, the Company entered into three (3) agreements, subject to approval of the TSXV Venture Exchange ("TSXV"), to acquire 88,333 SCSA shares for the aggregate consideration of $750,000, and the issuance of 27,200,000 shares of VVC ("Shares"), and 32,500,000 of Warrants of VVC ("Warrants"), as follows:


(a) With Orford to acquire 37,500 SCSA shares in consideration for cash payments of US$550,000 and the issuance of 10,000,000 Shares and 20,000,000 Warrants. The Shares and Warrants will be issued on Closing, a first payment of $150,000 will be made within 30 days following receipt the Explosive Permit in Mexico, and the remaining cash payments are to be made over a period of 19 months following the receipt of sales proceeds from the first sales of copper.


(b) With IAP to acquire 17,500 SCSA shares in consideration for the issuance of 14,200,000 Shares and 12,500,000 Warrants to be issued on Closing.


(c) With Micose S.A. de C.V. for the acquisition of 33,333 SCSA shares in consideration for cash payments of US$200,000, to be paid, half on Closing with the balance paid over a period 120 days following receipt of the Explosive Permit in Mexico, and for the issuance of 3,000,000 Shares be issued on Closing.


Each Warrant will entitle the holder to purchase an additional Share at a price of $0.06 per Share for a period of 5 years following Closing. Having received the Conditional Approval of the TSXV, the Company will proceed with the closing (the "Closing") of these three (3) transactions simultaneously at the earliest convenient time. Once completed, VVC will control 100% of SCSA. These agreements were first disclosed in news releases on September 1 and 28, 2020.


SCSA is the owner of the Kaity Property where the Gloria Cooper Project is located. A National Instrument (NI) 43-101 Technical Report on the Kaity Property by Jacques Marchand P.Eng. Geology, dated April 21, 2019, was filed on SEDAR on May 7, 2019.


Warrant Extensions


Following an application to the TSXV announced in a news release issued on October 26, 2020, the Company amended its application to only extend the warrants issued pursuant to equity private placements, and exclude warrants issued pursuant to debt conversions and debenture issuances. The TSXV approved the amended warrant extension and the new expiry dates are as follows:

March 18, 2025
TORONTO, March 18, 2025 - VVC Exploration Corporation, dba VVC Resources, (“VVC”), (TSX-V:VVC and OTCQC:VVCVF) announces the following: Appointment of Officers The Directors appointed Mr. Bill Kerrigan as President and Chief Operating Officer of VVC. Mr. Kerrigan will continue to be President of Plateau Helium Corporation. Mr. James A. Culver will remain as CEO of VVC. VVC Chairman, Terrence Martell, commented, "As a representative of Management and the Board, I extend heartfelt gratitude to Mr. Culver for his years of service as President. I also welcome Mr. Kerrigan to his new role as President and I am confident that he will provide positive momentum for VVC." Option Grant The Directors also granted incentive stock options under its stock option plan, to officers, directors and consultants of the Company, to purchase up to an aggregate of 15,700,000 common shares, representing 2.74% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.05 per share expiring March 17, 2035. 25% of the options granted will vest immediately with the remaining vesting at 25% every six months. The exercise price was fixed at the minimum allowable price by the TSX Venture Exchange policies. The options, granted in accordance with the provisions of the Company's stock option plan, are subject to the TSX Venture Exchange policies and the applicable securities laws. Of the Options granted, 41.1% were to Directors, 30.3% to Officers and 28.7% to Employees/Consultants of the Company. About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Copper & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. 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.
December 5, 2024
The Company’s Annual General Meeting of Shareholders (“AGM”) took place virtually yesterday with 34 attendees (shareholders and guests). Total attendance in person and by proxy was 137 shareholders representing about 51.4% of the outstanding shares. At the AGM, shareholders approved the election of all Directors proposed by Management with over 90% of the tendered votes being in favor, and the re-appointment of MNP LLP as auditors of the Company with all of the tendered votes being in favor.
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