Le Lézard
Classified in: Mining industry
Subject: ANNUAL MEETINGS

VVC Exploration - Results of Annual Shareholders Meeting & Grant of Options


TORONTO, Aug. 21, 2019 (GLOBE NEWSWIRE) -- VVC Exploration Corporation ("VVC" or the "Company") (TSX-V:VVC) announces that its Annual General Meeting of Shareholders ("AGM") took place on August 19, 2018 and that the shareholders approved the election of all Directors proposed by Management.  In addition, shareholders approved all other matters presented at the AGM, including the re-appointment of MNP LLP as auditors of the Company.  The aggregate votes cast at the AGM represented 108,046,549 shares or 35.1% of all issued and outstanding shares.

Following the formal part of the AGM chaired by Terrence Martell, the President of the Company, Jim Culver, updated the attendees on the status of the Company.  Subsequently, Andre St-Michel, leading consultant to the Company in Mexico, provided a review of the Company's Gloria Copper Pilot Mine Project.  This review and a short video on the Pilot Mine plan will be posted on the VVC website.

In a subsequent Board Meeting, the Directors reappointed the following executive officers for VVC:

The Company also announces the grant of incentive stock options under its stock option plan, to officers, directors and consultants of the Company, to purchase up to an aggregate of 10,150,000 common shares, representing 3.3% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.05 per share expiring August 19, 2029.   Pursuant to the TSX Venture Exchange policies, the exercise price was fixed at the minimum allowable price. The options, granted in accordance with the provisions of the Company's stock option plan, are subject to the TSX Venture Exchange policies and the applicable securities laws.  Of the Options granted, 54.2% were to directors, 22.2% to Officers and 23.6% to Employees/Consultants of the Company.

About VVC Exploration Corporation
VVC is a Canadian exploration and mining company with projects in Mexico and Canada, including the Samalayuca copper property 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.

On behalf of the Board of Directors

Michel J. Lafrance, Secretary-Treasurer

For further information, please contact:
Patrick Fernet - (514) 631-2727
E-mail: pfernet@vvcexploration.com

or  

Eugene Braigen - (646) 245-3409
E-mail: eugene@vvcexpl.com

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.


These press releases may also interest you

at 07:35
Argonaut Gold Inc.  ("Argonaut" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have...

at 07:30
Revival Gold Inc. ("Revival Gold" or the "Company"), a growth?focused gold exploration and development company, is pleased to announce results from the final seven drill holes from the Company's 2020 drilling program on the Haidee zone at the...

at 07:30
Hut 8 Mining Corp. ("Hut 8" or "the Company") , a publicly listed bitcoin mining company, is pleased to announce Jason Zaluski as Head of Technology, effective February 1st, 2021. Mr. Zaluski joins Hut 8's driven team under the direction of CEO...

at 07:02
K2 Gold Corporation ("K2" or the "Company") is pleased to announce that it has received assays for the final five reverse circulation ("RC") holes drilled at the Dragonfly zone, located within its 100% owned Mojave property in Southern California....

at 07:00
Turmalina Metals Corp. ("Turmalina", or the "Company"; TBX-TSXV, TBXXF-OTCQX) is pleased to announce the final hole in the 2020 drilling program at the San Francisco project ("San Francisco" or the "Project") has returned multiple intercepts of...

at 07:00
OTC Markets Group Inc. , operator of financial markets for 11,000 U.S. and global securities, today announced Arizona Metals Corp. , a gold and copper exploration company with headquarters in Toronto, Canada, has qualified to trade on the OTCQX® Best...



News published on 21 august 2019 at 08:05 and distributed by: