|By Marketwired .||
|June 27, 2014 05:05 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/27/14 -- Valencia Ventures Inc. (TSX VENTURE: VVI) ("Valencia" or the "Company") announces that the common shares of the Company have been consolidated such that one (1) new common share has been issued for every eight (8) common shares outstanding on the date hereof. A letter of transmittal will be sent by mail to shareholders advising that the share consolidation have taken effect and instructing shareholders to surrender the certificates evidencing their common shares for replacement certificates representing the number of common shares to which they are entitled as a result of the consolidation. Until surrendered, each certificate representing common shares prior to the consolidation will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the consolidation.
The shareholders of the Company approved the share consolidation at the annual and special meeting of the company held on May 26, 2014. Further details regarding the share consolidation are contained in the company's Information Circular dated April 14, 2014, which has been filed on SEDAR at www.sedar.com.
Valencia is a Canadian resource company with common shares that trade on 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 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.
President and CEO