VVC Exploration Corporation announces that the Company, following completion of its due diligence, has closed the transaction to buy the remaining 90% interest in Plateau Helium Corporation from the shareholders of PHC for twenty-one million shares of VVC subject to a voluntary escrow and a number of conditions. PHC is now a wholly-owned subsidiary of the Company. On November 9, 2020, the Company announced its …
VVC Exploration Corporation (” VVC ” or the ” Company “) (TSX-V:VVC) announces that the Company, following completion of its due diligence, has closed the transaction to buy the remaining 90% interest (the ” Majority Interest “) in Plateau Helium Corporation (” PHC “) from the shareholders of PHC for twenty-one million shares of VVC (the ” VVC Shares “), subject to a voluntary escrow and a number of conditions. PHC is now a wholly-owned subsidiary of the Company.
2369 Kingston Road, PO Box 28059 Terry Town, Scarborough, ON M1N 4E7 – Tel: 416-619-5304 FORWARD LOOKING STATEMENTS: This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward -looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others: acquisition of Majority Interest subject to completion of due diligence of PHC by VVC; should VVC proceed with the acquisition of the Majority Interest … will be held in escrow; VVC Shares to be released from escrow … upon completion of three predetermined benchmark