Valencia Announces Filing of Notice and Access
2014年4月26日 - 6:09AM
Marketwired
Valencia Announces Filing of Notice and Access
TORONTO, ONTARIO--(Marketwired - Apr 25, 2014) - Valencia
Ventures Inc. (TSX-VENTURE:VVI) ("Valencia" or the "Company")
announces that it will be again taking advantage of the
Notice-and-Access rules to reduce printing and mailing costs
associated with the dissemination of annual information to
shareholders. Notice-and-Access permits annual financial
statements, management's discussion and analysis and meeting
circulars to be posted on public companies' websites, instead of
being mailed to shareholders.
The Company will post on its website, www.valenciaventures.com,
under the "Investors" tab, the meeting circular, annual financial
statements and management's discussion and analysis in respect of
its upcoming annual general and special meeting to be held on May
26, 2014.
Consolidation
Among other matters which may duly come before shareholders, the
Company proposes that shareholders consider and approve a share
consolidation (the "Consolidation") on the basis of one new common
share of the Company (each,a "New Share") for up to every eight
existing common shares of the Company (each, an "Old Share"), or
such lower number of Old Shares as may be determined by the Board
of Directors of Valencia and as may be required to obtain approval
of the consolidation from the TSX Venture Exchange. The principal
effects of the Consolidation will be that the number of common
shares of the Company issued and outstanding will be reduced from
16,754,065 Old Shares as of April 10, 2014 to approximately
2,094,258 New Shares, assuming a consolidation ratio of 8 to 1.
The expected benefits of the Consolidation include improved
trading liquidity from lower transaction costs and great investor
interest as well as reduced future dilution from the ability to
raise additional capital at a higher price per share. Additional
benefits of the Consolidation, as well as the procedure for
implementing the Consolidation and the full text resolution
approving the Consolidation may be found in the Company's
management information circular dated April 14, 2014 (the
"Circular") that is being posted on the Company's website and may
be found under the Company's profile on SEDAR. The Consolidation
remains subject to shareholder approval and acceptance by the TSX
Venture Exchange.
About Valencia
Valencia is a Canadian resource company with common shares that
trade on the NEX Board of the TSX Venture Exchange under the symbol
VVI.
Forward-Looking Information
This press release contains "forward-looking information" within
the meaning of applicable securities legislation. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: general
business, economic, competitive, political and social
uncertainties; the effect of the consolidation; the actual results
of current exploration activities; conclusions of economic
evaluations; changes in project parameters, future prices of
mineral prices; and risks of the mining industry. There can be no
assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
NEITHER THE
TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX-VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE
Valencia Ventures Inc.John RakPresident and
CEOjrak@forbesmanhattan.comwww.valenciaventures.com
Valencia Ventures (TSXV:VVI)
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