TORONTO, ONTARIO, Apr 09, 2012 (MARKETWIRE via COMTEX) — VVC EXPLORATION CORPORATION (“VVC” or the “Company”) (frankfurt:V7S) 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 (“TSXV”) 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.
About VVC:
VVC Exploration Corporation is a Canadian exploration company with projects in Mexico and Canada. This includes gold prospects in Sonora and Sinaloa State, all in Mexico, and grass-roots gold properties in the Timmins area of northern Ontario. VVC is also aggressively searching for other projects – mainly precious minerals and base metals at various stages of development in North America, with an emphasis on gold and silver in Mexico.
On Behalf of the board of Directors
Michel J. Lafrance, Secretary-Treasurer
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contacts:
VVC Exploration Corporation
Patrick Fernet
Vice-President
514-631-2727
[email protected]
