VVC Engages Sproule Associates to Prepare NI 51-101 Report
26 Mayo 2022 - 7:00AM
VVC Exploration Corporation ("
VVC" or the
"
Company") announces the following:
NI 101-51 ReportingVVC is
required, pursuant to National Instrument 51-101 (NI 51-101), to
report, on an annual basis, Reserves Data and Other Oil and Gas
Information which are to be prepared by an independent Qualified
Reserves Evaluator (QRE). VVC has engaged Sproule Associates
Limited ("Sproule") of Calgary, Alberta to prepare the required
reports. Sproule will work closely with Foreland Operating LLC.,
who is managing our gas operations in Kansas, to prepare an
independent evaluation of the helium (He) and natural gas resources
as at January 31, 2022, and carry-out any other work or activities
required to prepare the reports. The NI 51-101 Reports will be
filed on SEDAR as soon as finalized by Sproule.
Sproule, a global energy consulting firm
recognized as having natural gas and helium expertise, provides
technical and commercial knowledge to its clients.
Stockhouse PublishingPursuant
to an arrangement with Stockhouse Publishing Ltd. ("Stockhouse") in
August 2021, VVC intends to settle $15,000 of general market
outreach and investor awareness services by the issuance of 150,000
shares at the price of $0.10 per share, being yesterday's market
price discounted by 25%.
The Securities to be issued pursuant to this
transaction will be subject to the approval of the TSX Venture
Exchange and to the applicable statutory, exchange and regulatory
hold period of four months and any other required resale
restrictions.
About VVC Exploration
Corporation VVC is a publicly traded Canadian-based mining
exploration and development company listed on the TSX Venture
Exchange (TSX-V:VVC) who, with the addition of Plateau Helium
Corporation ("PHC"), VVC is also a Helium and natural gas producing
company. VVC’s portfolio includes the Gloria Copper Project in
Northern Mexico, precious metals properties also in Mexico and the
Helium / Natural Gas Projects owned by its wholly owned subsidiary,
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 lifted in that region. To learn more,
visit our website at: http://vvcexpl.com
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On Behalf of the board of Directors |
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Michel J. Lafrance, Secretary-Treasurer |
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For further information, please contact: |
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Patrick Fernet - (514) 631-2727 |
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Trevor Burbank - (214) 641-1041 |
pfernet@vvcexploration.com |
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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.
2369 Kingston Road, PO Box 28059 Terry
Town, Scarborough, ON M1N 4E7 – Tel:
416-619-5304
VVC Exploration (TSXV:VVC)
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