TORONTO, ONTARIO--(Marketwired - Oct. 16, 2013) - VVC Exploration Corporation ("VVC" or the "Company") (TSX VENTURE:VVC) is pleased to announce that further to its news release of October 3, 2013 and the final approval of the TSX Venture Exchange of October 9, 2013, it has closed its previously announced acquisition of all issued and outstanding shares of Camex Mining Development Group Inc. ("Camex"), in exchange for the issuance of 59,900,000 common shares of the Company to the shareholders of Camex (the "Transaction").
As well, effective today, Cameron McDonald has resigned from his positions as President and sole director of Camex. The current members of the board of directors of the Company, namely James A. Culver, Peter M. Dimmell, Bruno Dumais, Patrick Fernet, Michel J. Lafrance and Terrence F. Martell, have been elected directors of Camex. Additionally, the following officer appointments have been made: James A. Culver as President and Chief Executive Officer, Kevin Barnes as Chief Financial Officer, Patrick Fernet as Vice-President - Legal Services, and Michel J. Lafrance as Secretary-Treasurer of Camex.
Further particulars regarding the Transaction are disclosed in the Company's news releases dated October 3, September 5, August 2, July 3, June 4, May 1 and April 12, 2013, as well as in the Information Circular dated July 2, 2013 which is available on www.sedar.com.
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.