Camex Mining Development Sells 800,000 Shares of VVC Exploration
April 04 2014 - 7:00AM
Marketwired
Camex Mining Development Sells 800,000 Shares of VVC Exploration
TORONTO, ONTARIO--(Marketwired - Apr 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.
VVC Exploration CorporationSerge Cadorette(514)
631-2727scadorette@vvcexploration.com
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