VVC Exploration Corp. announces the addition of a new helium property in its recently acquired, wholly owned subsidiary, Plateau Helium Corporation , a Wyoming corporation. The transaction bolsters VVC's ability to capitalize on the growing demand for helium, driven by increased global usage. The property, known as the Monarch Lease, was purchased from Monarch Petroleum at a nominal cost and a commitment to recommence [...]
VVC Exploration Corp. announces that the Company, following completion of its due diligence, has closed the transaction to buy the remaining 90% interest in Plateau Helium Corporation from the shareholders of PHC for twenty-one million shares of VVC , subject to a voluntary escrow and a number of conditions. PHC is now a wholly-owned subsidiary of the Company. On November 9, 2020, the Company announced its intention to [...]
VVC Exploration Corp. announces the following: Acquisition of 100% of Samalayuca Cobre Pursuant to agreements entered into with three arm's length parties in August and September 2020, as per the news release of November 3, 2020, VVC completed the acquisition of 83,333 additional shares of Samalayuca Cobre S.A. de C.V. , representing 66.25% of the outstanding shares of SCSA. In consideration, VVC issued 27,200,000 common [...]
VVC Exploration Corp. announces that the Company has received conditional approval from the TSX Venture Exchange regarding a Share Purchase Agreement with Plateau Helium Corporation and the shareholders of PHC announced on November 9, 2020. PHC is a Wyoming Corporation focused on helium exploration and development, primarily in the western US. Pursuant to the SPA, VVC has acquired a 10% minority interest in PHC for [...]
VVC Exploration Corp. announces the following: Debt Conversion The Company wishes to settle an aggregate of up to $650,000 of indebtedness by the issuance of up to 9,300,000 Shares and 9,300,000 Warrants at $0.07 per Unit. The indebtedness is primarily a result of debentures maturing between Dec. 20, 2020 and Nov. 20, 2021. One of the Debenture holders is an insider of the Company. The transaction is subject to receiving [...]
VVC Exploration Corp. announces that it has signed a Share Purchase Agreement with Plateau Helium Corporation and the shareholders of PHC. PHC is a Wyoming Corporation focused on helium exploration and development, primarily in the western US. The terms of the SPA allow VVC to acquire a 10% minority interest in PHC for US$100,000. The SPA gives VVC the right to buy the remaining 90% interest in PHC from the shareholders [...]
VVC Exploration Corp. 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. representing 33.75% of the outstanding shares of SCSA . Pursuant to Option Agreements entered into in September 2015 with Ressources Orford Inc. and Inversiones [...]
VVC Exploration Corp. [TSXV: VVC] announces the extension of the expiry date of the following warrants: Series No. of Warrants Exercise Price Expiry Date Amended Expiry Date AA 16,527,545 $0.06 30-Nov 2020 30-Nov 2022 AB 750,000 $0.11 20-Dec 2020 20-Dec 2022 AC 8,698,850 $0.06 18-Jan 2021 18-Jan 2023 TOTAL 25,976,395 These warrants were attached to private placements and debt financings approved by the TSXV in November 2017 [...]
VVC Exploration Corp. announces the following: Q2 Financials The Company's unaudited Financials for the Quarter Ended July 31, 2020 and the accompanying Management's Discussion and Analysis were filed on SEDAR on September 25 and will be uploaded to the Company's website. Private Placement Financing VVC has closed subscriptions on a non-brokered private placement of units of the Company at a price of CA$0.05 per Unit [...]
VVC Exploration Corp. announces the following. Shareholders' Meeting The Company's virtual Annual General and Special Meeting of Shareholders took place virtually on August 28, 2020. At the AGSM, shareholders approved the election of all Directors proposed by Management and the re-appointment of MNP LLP as auditors of the Company. In addition, shareholders approved the 2020 Stock Option Plan , with the disinterested [...]
VVC Exploration Corp. announces the following: Private Placement Financing VVC is raising up to CA$3.3 million in a non-brokered private placement of units of the Company at a price of CA$0.05 per Unit. Each Unit consists of one common share and one common share purchase warrant entitling the holder to purchase one additional common share of the Company for a period of three years, at an exercise price of CA$0.075 per [...]
VVC Exploration Corp. wishes to provide the following updates: Financial Statements VVC filed its Financial Statements and Management's Discussion & Analysis for year ended January 31, 2020, on May 29, 2020. The Financials are available for download from the Company's website or from SEDAR . VVC's Covid-19 Preparedness Plan The Company expects to reopen the Gloria Copper Project, located in northern Chihuahua State, MX in [...]