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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

Chairman, Interim Chief Executive Officer, Pr...
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Chief Financial Officer
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Executive Vice President of Exploration & Dev...
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Compensation as of Fiscal Year 2015.

valencia ventures inc (VVI) Key Developments

Valencia Ventures Inc. Announces Management Changes

Valencia announced that Fred Leigh has replaced Josh Van Deurzen as interim President and Chief Executive Officer.

Valencia Ventures Inc. Auditor Raises 'Going Concern' Doubt

Valencia Ventures Inc. filed its Annual on Apr 24, 2015 for the period ending Dec 31, 2014. In this report its auditor, McGovern, Hurley, Cunningham, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Valencia Ventures Inc. Announces Executive Changes

Valencia Ventures Inc. announced that it has entered into an amalgamation agreement dated March 13, 2015 with Chelsea Natural Gas Ltd., whereby Valencia will acquire all of the issued and outstanding shares of Chelsea CNG. It is expected that the Transaction will be effected by way of a three-cornered amalgamation pursuant to which a wholly-owned subsidiary of Valencia will amalgamate with Chelsea CNG, and the holders of Class "A" voting shares of Chelsea CNG will receive 1.6 common share of Valencia for each one share of Chelsea CNG so held. Upon completion of the Transaction, it is anticipated that management of Valencia will include Mr. Steve Carmichael as President and Chief Executive Officer and the board of directors of Valencia will include the persons identified below: Dave Antony. Mr. Antony is currently is also Chief Executive and a director of Blackhawk Resource Corp., and DraftTeam Daily Fantasy Corp. Steve Carmichael. Mr. Carmichael is a founding shareholder and the current President and CEO of Chelsea CNG. Dianne Szigety. Ms. Szigety brings over 25 years of management experience for public and private companies, specializing in corporate paralegal services to help optimize regulatory compliance and corporate governance for her clients. John L. Turner, P.Eng. MBA. Mr. Turner, currently Chelsea CNG's COO and Director, has over 30 years of experience and leadership in the energy business most recently with FortisBC. Thomas (Tom) West. Mr. West has over 30 years' experience in military, computing, banking, and the energy sectors.


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