VVC Exploration - Results of Annual Shareholders' Meeting and Option Grant
Aug 19, 2021

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


Shareholders' Meeting


The Company's virtual Annual General Meeting of Shareholders ("AGM”) took place virtually earlier today. At the AGM, shareholders unanimously approved the election of all Directors proposed by Management and the re-appointment of MNP LLP as auditors of the Company.


The formal business session of the AGM, was chaired by the Chairman of the Board, Terrence Martell. A Presentation and Q&A Session followed, whereby the President and CEO of the Company, Jim Culver, updated the attendees on the status of the Company.


The Formal Business session and the Presentation session of the AGM were recorded and will be posted on the Company website, as soon as possible.


In Board Meeting following the AGM, the Directors reappointed the following executive officers for VVC and the Chairman of the Board of Directors:



  • Jim Culver, President and CEO
  • Terrence Martell, Chairman of the Board
  • Kevin Barnes, Chief Financial Officer
  • Michel Lafrance, Secretary-Treasurer


VVC Chairman, Terrence Martell, commented, "On behalf of Management and the Directors, I wish to thank our shareholders for their loyal support throughout the past year, and we look forward to serving you for another year."


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 14,750,000 common shares, representing 2.96%% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.14 per share expiring August 19, 2031. Pursuant to the TSX Venture Exchange policies, the exercise price was fixed at the minimum allowable price. 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, 55.9% were to directors, 23.7% to Officers and 20.3% to Employees/Consultants of the Company.

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