VVC Exploration Obtains Option to Increase Its Ownership in Samalayuca Cobre, Owner of the Kaity Claim, Also Known as the Samalayuca Copper Project
September 11, 2015
VVC Exploration Corporation is pleased to report that the Company has entered into option agreements with two arm-length parties to acquire an additional 45,000 common shares of Samalayuca Cobre S.A. de C.V. over a period of 36 months by making aggregate cash payments of US$850,000, issuing an aggregate of 32,500,000 units of VVC, each unit comprising one common share of VVC and one share purchase warrant exercisable at CA$0.06 per Share over five years. If the Options are fully exercised then VVC would beneficially own 90,000 shares of SC representing 67.5% of the total outstanding shares of SC….
