For its short history of trading, Varca Ventures, Inc. (OTC:VRCV) stock will already get the help of a paid promotional campaign for the upcoming session. The company also announced news on its plans yesterday which should help to attract more traders today. 
The last session closed with a 1.74% increase in the closing price at $1.17, while the trading volume amounted 1,900. The number of traded shares looks very tiny, but yesterday’s has been actually one of the sessions with intensive activity for VRCV since the stock started trading just last month.
Two promotional e-mails have come into our database so far, from two different stock promoting websites and with two different paying parties. Total compensation amount is $17,500, and together with news it could move the price of VRCV today.
In a press release from yesterday the company said that it would use $750,000 of the funds raised in October for the remediation of the May Day Idaho Mining Complex, located near Hesperus, Colorado, whereby the company expects to resume mining activities on the project as soon as the works are completed.
According to the company’s 10-Q, it acquired the rights on that project through the acquisition of Wildcat Mining Corporation in October this year. Under the Share Exchange Agreement, the company acquired all of the issued and outstanding stock of Wildcat in exchange for 63,215,114 shares of common stock of Varca, thus after the acquisition there are 68,815,114 outstanding shares of VRCV. 92% of these shares are held by the former stockholders of Wildcat and are not registered with the SEC.
Another SEC filing of the company from October this year shows that VRCV raised over $18.9 million through the offering of equity securities to a total of 40 investors. Also, according to the document the offering has been made in connection with a business combination transaction, such as a merger, acquisition or exchange offer.
