VVC Exploration Corporation (TSXV:VVC) announced a private placement of 17,397,700 units at a price of CAD 0.05 per unit for gross proceeds of CAD 869,885 on January 23, 2018. Each unit comprises one common share and one-half of one common share purchase warrant. Each full warrant entitles the holder to purchase one additional common share of the company at an exercise price of CAD 0.06 per share for a period of three years. The securities are subject to TSX Venture Exchange approval.