VVC Announces Stockhouse Client Services Agreement and Debt Conversion
13 Agosto 2021 - 7:00AM
VVC Exploration Corporation ("
VVC" or the
"Company") (TSX-V:VVC) announces the following:
VVC finalized a Client Services Agreement with
Stockhouse Publishing Ltd. ("Stockhouse"), whereby Stockhouse will
assist VVC with general market outreach and investor awareness as
the Company continues to achieve important milestones and grow its
investor base over the next 12 months. VVC will have access to over
30 different marketing tools focused on editorial, brand awareness
and amplifying news on VVC. Using these Stockhouse tools, a larger
investor audience can become aware of VVC.
The engagement with Stockhouse is for a 12-month
term. All content produced will be published on the Stockhouse
websites and further featured through the Stockhouse distribution
platform. The total cost for Stockhouse's Services for 12 months is
CA$100,000, of which $25,000 will be paid in cash and $75,000 will
be settled by the issuance of common shares ("Shares") of the
Company in 5 tranches over 12 months ("Shares for Services").
The first tranche will comprise of the issuance
of 157,900 shares at $0.095 per Share or $15,000 in aggregate on
the First Closing. The Company will issue a Note for the remaining
$60,000 which will be converted into shares over the next four
tranches. The number of shares to be issued over the next four
Closings will equate to $15,000 divided by market price of the
Company’s shares on the day of issuance discounted by 25% (discount
decreases if share price exceeds $0.50). The share issuance is
expected to occur every three months following the First Closing,
after the services have been rendered.
"We are excited about this new arrangement with
Stockhouse and the opportunity it will bring to the investment
community," said VVC Chairman, Terrence Martell, "as it creates a
platform for us to educate and inform our investors in a more
personal manner about VVC's Helium project expansion in the USA and
the development of the Gloria Pilot Mine copper project in
Mexico.”
In addition to the Shares for Services
transaction, VVC also wishes to settle an aggregate of CA$35,725 of
indebtedness owing to the CEO of the Company by the issuance
376,053 Shares at $0.095 per Share ("Shares for Debt"). The
Issuances of the Shares for Debt will occur also at the First
Closing.
The total number of Shares to be issued at the
First Closing will be 533,953. The Shares for Services and Shares
for Debt settlements will allow the Company to conserve its cash on
hand which is already otherwise committed.
Both transactions are subject to acceptance of
the TSX Venture Exchange. The Securities to be issued pursuant to
the transaction will be subject to the applicable statutory,
exchange and regulatory hold period of four months and any other
required resale restrictions. None of the Securities to be issued
hereunder have been and/or will be registered under the US
Securities Act of 1933, as amended, or any state securities
laws.
About Stockhouse Ltd.Stockhouse
Publishing Ltd. (www.https://stockhouse.com) is a leading financial
media company that serves public companies, financial institutions,
media publishers, and brand advertisers. Stockhouse members have
access to a wide range of world class products and tools including
portfolio managers, subscription-based expert newsletters,
Stockhouse Bullboards, blogs and social networking tools to help
navigate their investment options. With over 9 million unique
visitors annually, Stockhouse is Canada's #1 financial portal and
one of North America's largest small-cap investor communities.
About VVC Exploration
CorporationVVC is a publicly traded Canadian-based mining
exploration and development company listed on the TSX Venture
Exchange (TSX-V:VVC). With the addition of PHC, VVC is also a
Helium Producing company. VVC’s portfolio includes the Gloria
Copper Project in Northern Mexico, precious metals properties also
in Mexico and the Helium Projects owned by its wholly owned
subsidiary, Plateau Helium Corporation ("PHC"). VVC is currently
focused on the Helium Projects owned by PHC and will resume the
development of Gloria Copper Project, as soon as Covid-19
restrictions are removed in Mexico. To learn more, visit our
website at: http://vvcexpl.com.
On behalf of the Board of Directors
Michel J. Lafrance, Secretary-Treasurer
For further
information, please contact: |
Patrick Fernet - (514) 631-2727 |
or |
Trevor Burbank
- (214) 641-1041 |
E-mail: pfernet@vvcexploration.com |
|
E-mail: trevor@vvcexpl.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.
VVC Exploration (TSXV:VVC)
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