VVC Exploration Amends the Expiry Date and Pricing of 9,521,429 Warrants
VVC EXPLORATION CORPORATION announces the amendment of the expiry date and exercise price of 9,521,429 Series S Warrants to purchase 9,521,429 shares @ $0.12 per share, as permitted under the new TSX Venture Exchange Policy. The warrants, which were expiring on April 11, 2012, will now expire on April 11th, 2013, and will be exercisable at $0.12 per share up to April 11th, 2012 and thereafter at $0.18 per share. These warrants were attached to a private placement of $770,000 approved by the TSXV in April 2011. The warrants are not currently in-the-money, however, since November 2011, two warrant holders exercised an aggregate of 1,478,571 warrants. The TSXV consented to this warrant extension and price adjustment on April 5.