VVC Exploration Announces Appointment of Frontier as Investor Relations Firm and Closing of $857,475 Private Placement
2014年3月5日 - 10:00PM
Marketwired
VVC Exploration Announces Appointment of Frontier as Investor
Relations Firm and Closing of $857,475 Private Placement
TORONTO, ONTARIO--(Marketwired - Mar 5, 2014) - VVC Exploration
Corporation ("VVC" or the "Company") (TSX-VENTURE:VVC) announces
the following developments:
Investor
Relations
VVC has retained FronTier Consulting Ltd., part of the FronTier
Merchant Capital Group, ("FronTier"), a leading strategic
communications advisory firm, to be its investor relations
advisors. VVC's CEO, James a Culver, commented, "We look forward to
working with the FronTier team in supporting and strengthening
VVC's financial community communications activities. FronTier's
track record of assisting successful financial communications
programs directly supports the overall execution and evolution of
our strategy as VVC forges towards production at its Samaluyuca
Project."
Ari Todd, CEO of FronTier, stated, "We are delighted to have
been chosen as investor relations counsel by VVC Exploration
Corporation at this exciting juncture in its corporate
history."
FronTier is an experienced and reputable Investor Relations
group with a home office in Toronto, Canada. FronTier will assist
the Company by increasing market awareness for VVC Exploration
Corporation utilizing a number of financial market communications
initiatives. The core of which will be facilitating in-person
introductions for with institutional and retail brokers and
investors in a number of cities across Canada, the US, Europe and
Australasia. Visit www.frontiermcg.com for more information on
FronTier.
Frontier will be providing the investor relations services
starting immediately and services continue for one year or until
either party notifies the other of termination of the agreement
with 60 days notice. Frontier will be paid $5,000 per month plus
out-of-pocket expenses as required. Additional services will be
billed at Frontier's going rate. At the time of signing the
agreement, Frontier was completely at arm's length to the Company.
FronTier is investing $110,000 in shares of VVC and as such is
participating in the Company's Private Placement. The appointment
of Frontier is subject to filing the appropriate documents with the
TSX Venture Exchange ("TSXV") and the formal acceptance of the
filings by the TSXV.
Financing
The Company also announces that it has that it has successfully
completed a previously announced non-brokered private placement
aggregating $857,475 and representing 17,149,500 units of the
Company ("Units") at a price of $0.05 per Unit. Each Unit consists
of one common share and one common share purchase warrant (a
"Warrant") of the Company. Each Warrant entitles the holder to
purchase one additional common share of the Company at $0.12 per
share for 2 years and thereafter at $0.18 per share until March
4th, 2019. The securities being issued pursuant to this private
placement will be subject to a hold period which expires on July
5th, 2014.
The Company is paying $22,091 of finders' fees of which $8,616
was paid in cash and $13,475 was paid by the issuance of 269,500
shares of the Company. There are now 169,466,581 shares issued and
outstanding.
The Company obtained conditional approval of the TSXV and will
be forthwith submitting all required documents to the TSXV to
secure their final acceptance. The net proceeds of this financing
will be used to pay accounts payables, general corporate expenses,
operating expenses in Mexico and maintenance fees on the Company's
properties in Mexico.
The Board and Management wish to thank all our investors for
their continued support of the Company. As additional material news
arises, VVC will keep its shareholders informed.
About VVC Exploration
Corporation
VVC is a Canadian exploration and mining company with projects
in Mexico and Canada, which includes a near production copper
prospect in Chihuahua State, and gold and silver prospects in
Sonora and Sinaloa States, Mexico. The Company also has a
grassroots gold/VMS prospect in the Timmins area of northern
Ontario. VVC is aggressively seeking to convert its near production
copper project, Samalayuca, to pilot scale production, then full
production.
On behalf of the Board of Directors |
|
Michel J. Lafrance, Secretary-Treasurer |
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.
Serge CadoretteE-mail: scadorette@vvcexploration.comPhone: (514)
631-2727
VVC Exploration (TSXV:VVC)
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