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valencia ventures inc (VVI) Snapshot

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valencia ventures inc (VVI) Details

Valencia Ventures Inc. does not have significant operations. Previously, it was engaged in the acquisition, exploration, and evaluation of mineral properties in Canada. The company is headquartered in Toronto, Canada.

valencia ventures inc (VVI) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$30.5K
Compensation as of Fiscal Year 2013.

valencia ventures inc (VVI) Key Developments

Valencia Ventures Inc. Announces Management Changes

Valencia Ventures Inc. announced that Mr. John Rak has stepped down as President, Chief Executive Officer and a director of the company to pursue other endeavours. In addition, the company welcomes Josh Van Deurzen as its President and Chief Executive Officer and a member of the company's Board of Directors. Mr. Van Deurzen is a corporate and securities lawyer who has provided business and legal consulting to various public and private companies in the resource-based sectors.

Valencia Ventures Inc. Enters into Promissory Notes with Arm's Length Individuals

Valencia Ventures Inc. announced that it has entered into two promissory notes with arm's length individuals. Each Note is for $50,000, bears interest at 10% per annum, compounded annually, and is payable on September 30, 2014. The proceeds from the Notes will be used for working capital purposes.

Valencia Ventures Inc. Auditor Raises 'Going Concern' Doubt

Valencia Ventures Inc. filed its Annual on Mar 20, 2014 for the period ending Dec 31, 2013. In this report its auditor, McGovern, Hurley, Cunningham, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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