The TSX Venture Exchange has also accepted for filing documentation pertaining to a share purchase agreement Jan. 24, 2017, among the company, 1077076 B.C. Ltd., Keith Henderson, Stuart Mills, Daniel Marinov Ltd. and Cruise Geoservice Ltd. Pursuant to the agreement, the company has acquired 100 per cent of the shares of 1077076 B.C. for consideration of 18 million common shares of the company.

The principal assets of 1077076 B.C. are an option to earn a 50-per-cent interest in the Ekuzya property, Bulgaria, as well as the option to earn a 70-per-cent interest in the Tintyava property, Bulgaria.

A finder's fee of 600,000 common shares is payable to Hendrik van Alphen.

Insider/pro group participation:  not applicable

Refer to the company's news releases dated Feb. 6, 2017, June 1, 2017, and July 21, 2017.

In conjunction with the above, the company has met the requirements to be listed as a TSX Venture Exchange Tier 2 company. Therefore, effective on Tuesday, July 25, 2017, the company's listing will transfer from the NEX to the TSX Venture Exchange, the company's tier classification will change from the NEX to Tier 2, and the filing and service office will change from the NEX to Vancouver.

Effective at the opening, on Tuesday, July 25, 2017, the trading symbol for the company will change from VLC.H to VLC. The company is classified as a junior mining company.

Capitalization:  unlimited shares with no par value, of which 57,385,237 shares are issued and outstanding

Escrow:  27 million shares subject to escrow; 18 million shares subject to Tier 2 surplus escrow; nine million shares subject to Tier 2 value escrow