VVC Announces Debt Conversion and Details of Upcoming AGM
09 Julio 2021 - 2:41PM
VVC Exploration Corporation ("
VVC" or the
"Company") (TSX-V:VVC) announces the following:
Annual Shareholders Meeting
The Company's 2021 Annual General Meeting of
shareholders (the "AGM") will be held virtually on Thursday, August
19, 2021 at 10:00 am, with a Record Date of July 7. Following the
mailing of the Proxy Material to shareholders around July 15,
shareholders will be able to download the Proxy Material, including
the Information Circular Booklet, from www.sedar.com and/or from
the Company's website at www.vvcexpl.com/shareholder-meeting. Due
the Pandemic, there will be no In-Person voting at the AGM and
voting must be by Proxy. The deadline for Proxy Voting will be 10
am on Wednesday, August 17, 2020, but shareholders are encouraged
to vote early. Registration will be required to attend
the virtual AGM, either as a shareholder or a guest. Follow the
instructions on the website or in the Information Circular.
Following the formal business session,
management will present an update on the activities and projects,
and will be available to answer questions from shareholders,
subject of course to respecting Securities Laws regarding
“Selective Disclosure”.
Debt Conversion
VVC recently entered into agreements to settle
an aggregate of $110,725 of indebtedness by the issuance 1,165,526
common shares ("Share") of the Company at $0.095 per share. One
insider, the CEO of the Company, is participating by converting
CA$35,725 (US$28,500) owed to him.to receive 376,053 shares. This
will allow the Company to conserve its cash on hand which is
already committed.
The transaction is subject to acceptance of the
TSX Venture Exchange. All shares to be issued pursuant to the
offering will be subject to the applicable statutory, exchange and
regulatory hold period of four months and any other required resale
restrictions. The shares to be issued have not and will not be
registered under the US Securities Act of 1933, as amended, or any
state securities laws.
About VVC Exploration
Corporation
VVC is a Canadian exploration and mining company
focused on the exploration and development of copper and gold
deposits in Northern Mexico, specifically the Kaity Copper Project
located in in Chihuahua State. VVC has other projects in Mexico and
Canada, including gold and silver prospects, Cumeral and La Tuna,
in Sonora and Sinaloa States, Mexico and a grassroots gold/VMS
prospect in the Timmins area of Northern Ontario. Visit our website
at: http://vvcexpl.com.
On behalf of the Board of Directors
Michel J. Lafrance, Secretary-Treasurer
For further information, please contact: |
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Patrick Fernet - (514)
631-2727E-mail: pfernet@vvcexploration.com |
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Trevor Burbank - (214) 641-1041E-mail: trevor@vvcexpl.com |
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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.
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