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Valencia Closes Financing
Published : November 12, 2012
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TORONTO, ONTARIO--(Marketwire - Nov. 12, 2012) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Valencia Ventures Inc. (News - Market indicators) ("Valencia" or the "Company") announces that it has closed a private placement of 5,555,554 Units (the "Units") on a non-brokered basis at a purchase price of $0.09 per Unit for gross proceeds of approximately $500,000 on November 9, 2012 (the "Offering"). Each Unit consists of one common share (a "Common Share") in the capital of the Company and one common share purchase warrant (a "Warrant"), with each Warrant exercisable for $0.20 until November 9, 2014. The Common Shares and the Common Shares issuable upon the exercise of the Warrants are subject to a four month and one day hold period under applicable Canadian securities laws. Closing of the Offering remains subject to receipt of all applicable regulatory approvals, including final approval of the TSX Venture Exchange. The Company expects to use the proceeds for working capital purposes.

About Valencia

Valencia is a Canadian resource company with common shares that trade on the TSX Venture Exchange under the symbol VVI.

Forward - Looking Information

Certain information set forth in this press release contains "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking information, including statements with respect to the completion of the Offering on the terms as specified; receipt of regulatory approval for the Offering, the proposed use of proceeds from the Offering, management's assessment of Valencia future plans and operations, which statements are based on Valencia's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking information may be identified by words such as "expects" "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking information necessarily involve known and unknown risks and uncertainties, which may cause Valencia's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: liabilities inherent in mine development and production; geological, mining and processing technical problems; Valencia's inability to obtain required mine licenses, mine permits and regulatory approvals required in connection with mining and mineral processing operations; title matters; foreign operations issues; local community issues; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in commodity prices and exchange rates; currency and interest rate fluctuations; various events which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions; the demand for and availability of rail, port and other transportation services; and management's ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Valencia undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.

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.
Brett New
President and CEO
bnew@valenciaventures.com
Companies Mentionned : Reliance | Valencia Ventures |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

Valencia Ventures Inc.

DEVELOPMENT STAGE
CODE : VVI.V
ISIN : CA91911V2075
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Valencia Ventures is a development stage company based in Canada.

Valencia Ventures develops gold in Australia, and holds various exploration projects in Chile.

Its main asset in development is RUSTLER'S ROOST DEPOSIT in Australia and its main exploration properties are RANCHERIA in Canada, MT BUNDI in Australia and CACHINAL, CACHINAL SILVER, IDAHO GOLD PROJECT and IDAHO GOLD in Chile.

Valencia Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 502 620 as of today (US$ 454 469, € 334 398).

Its stock quote reached its highest recent level on January 08, 2010 at CA$ 2.50, and its lowest recent point on June 27, 2014 at CA$ 0.01.

Valencia Ventures has 16 754 000 shares outstanding.

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Financings of Valencia Ventures Inc.
11/12/2012Closes Financing
Nominations of Valencia Ventures Inc.
5/17/2011Appoints New Director
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TSX-V (VVI.V)FRANKFURT (WIM1.F)
0.030+0.00%0.600+952.63%
Last quotes and information before delisting
Prev close Open
0.030 0.030
Low High
0.030 0.030
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.030 -%
Volume 1 month var.
9,029 -%
Produces
Develops Gold
Explores for Gold - Silver - Zinc
 
 
 
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