Le Lézard
Classified in: Mining industry

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


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 17:15
The "Autonomous Trains Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering. This report provides the strategists, marketers and senior management with the critical information they...

at 17:10
New Era Minerals Inc. announced today that it has received notice from the Government of the Xinjiang-Uyghur Autonomous Region Department of Natural Resources ("Xinjiang DNR") of deficiencies in its application for the extension of the exploration...

at 17:05
MAG Silver Corp. ("MAG") announces that, pursuant to a transaction (the "Transaction") among Reyna Silver Corp. (formerly named Century Metals Inc.) (the "Issuer"), Reyna Silver Mining Inc. (formerly named Reyna Silver Corp.) (the "Target") and a...

at 16:30
Vision Lithium Inc. (the "Company" or "Vision Lithium") announces that it granted 2,500,000 incentive stock options to certain directors, officers and employees of the Company, pursuant to the Company's incentive stock option plan. Each option is...

at 16:20
Golden Tag Resources Ltd. ("Golden Tag" or the "Company" ) is pleased to announce closing of the non-brokered private placement offering (the "Private Placement", or "Financing") announced on May 28, 2020 for aggregate gross proceeds $1,125,000....

at 14:28
Grupo Simec, S.A.B. de C.V. (BMV: SIMEC-B) (the "Company") today filed its Annual Report on Form 20-F for the year ended December 31, 2019 with the U.S. Securities and Exchange Commission at www.sec.gov. The Form 20-F is also available on the...

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