VVC Exploration Corporation

VVC Exploration Corporation

July 03, 2013 08:00 ET

VVC Mailing Proxy Material

TORONTO, ONTARIO--(Marketwired - July 3, 2013) - VVC Exploration Corporation ("VVC" or the "Company") (TSX VENTURE:VVC) is pleased to announce that with respect to VVC's annual and special meeting of shareholders (AGM) to be held in Dorval, Quebec, on July 30, 2013, the proxy materials, comprising of the Notice and Information Circular booklet and the Form of Proxy, are being sent by mail to shareholders shortly. As such, registered shareholders should be receiving a proxy and non-registered shareholders should be receiving a voting instruction form ("VIF"). The Information Circular was filed on SEDAR.

In addition to the usual matters to be presented at the AGM, including the appointment of the auditor and election of directors, shareholders will be asked to consider the following: a special resolution authorizing, subject to regulatory approval, the purchase of all of the issued and outstanding shares of Camex Mining Development Group Inc. (the "Camex Acquisition"); an ordinary resolution to authorize the issuance of 1,925,000 common shares of VVC to certain directors, officers of the Company and their support personnel (the "Share Issuance"); an ordinary resolution to approve the Company's currently implemented Stock Option Plan for the ensuing year until the next AGM and an ordinary resolution to authorize the repeal of the Company's By-Law No. 1 and adoption of a Revised By-Law No. 1 providing for, inter alia, an electronic Direct Registration System in addition to the option of physical share certificates.

The directors have approved these proposed changes as they believe they are in the best interests of the shareholders. The Camex Acquisition was announced on April 12, 2013. The Board has approved the Share Issuance at a deemed issue price of $0.06 per share as a one-time compensation for current and past services rendered. The Board has determined that the Directors, Officers and their support personnel have not been properly compensated for services rendered to the Company, such as participation in Directors meetings, Audit Committee and Steering Committee meetings, and review, analysis, opinion, help and assistance on geological, accounting, financial and daily matters of the Company. In order to preserve and maintain the liquidity of the Company, the Recipients have elected to receive this compensation in shares in lieu of cash. Shareholders are encouraged to read the Information Circular for particulars of the proposed resolutions.

Non-registered shareholders wishing to attend the AGM and vote in person must appoint themselves as proxyholder and submit their voting instruction form at least 24 hours before the meeting.

Following the AGM, shareholders will be provided with a presentation of the Company and its corporate strategy for next year.

If you plan to attend the AGM and wish to stay overnight at the Marriott Fairfield Inn & Suites - Montréal Airport, please call it directly to make a reservation with Dominic Cloutier (tel: 877-731-2424). There are a limited number of rooms being held for VVC shareholders. Identify yourself as part of the VVC group to receive the reduced rate being offered on a first-come-first-serve basis.

Finally, the Company has filed on SEDAR its interim financial statements for the period ended April 30, 2013.

About VVC Exploration Corporation

VVC is a Canadian exploration company with projects in Mexico and Canada, which include a gold prospect in Sonora State and a gold placer prospect in Sinoloa State, both in Mexico. The Company also has grass-roots gold prospects in the Timmins area of northern Ontario. In addition, VVC is aggressively searching for other projects - especially precious minerals and base metals at various stages of development in North America, mainly in Mexico, Québec and Ontario.

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.

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