TORONTO, ONTARIO--(Marketwired - April 4, 2014) - VVC Exploration Corporation ("VVC" or the "Company") (TSX VENTURE:VVC) announces that Camex Mining Development Group Inc. ("Camex"), a wholly-owned subsidiary of the Company has closed yesterday the private sale of 800,000 common shares of the Company to FronTier Consulting Ltd., part of the FronTier Merchant Capital Group, ("FronTier") in consideration for $40,000. This sale was part and parcel of a transaction announced in news release of March 5, 2014, whereby FronTier was engaged as investor relations advisor to the Company to support and strengthen its financial community communications activities. Frontier now holds an aggregate of $2.2 million shares of the Company.
Camex became a subsidiary of VVC in October 2013, and at the time of the acquisition owned 5,058,594 shares of the Company. Since a subsidiary cannot hold shares in its parent, Camex is required by law to divest itself of the VVC shares before October 15, 2018
About VVC Exploration Corporation
VVC is a Canadian exploration and mining company with projects in Mexico and Canada, which includes a near production copper prospect 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. VVC is aggressively seeking to convert its near production copper project, Samalayuca, to pilot scale production, then full production.
On behalf of the Board of Directors
Michel J. Lafrance, Secretary-Treasurer
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.
Contact Information:
Serge Cadorette
(514) 631-2727
scadorette@vvcexploration.com