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Venture
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valencia ventures inc (VVI) Snapshot

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valencia ventures inc (VVI) Details

Valencia Ventures Inc., a development stage company, engages in the exploration and development of precious metal properties in Canada. The company primarily explores for rare earth elements, including uranium. It holds a 100% interest in the Agnew Lake property consisting of 2 separate exploration claim blocks comprising the Agnew Lake North uranium property, which includes 7 unpatented mining claims covering 1,032 hectares located west of Sudbury, Ontario; and the Agnew Lake South property consisting of 4 unpatented mining claims covering 692 hectares located in Hyman township of the Elliot Lake-Blind River uranium district, Ontario. The company also earns a 0.75% net smelter return royalty on the Buffalo Gulch property located in central Idaho. Valencia Ventures Inc. was founded in 1987 and is headquartered in Toronto, Canada.

Founded in 1987

valencia ventures inc (VVI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$30.5K
Compensation as of Fiscal Year 2013.

valencia ventures inc (VVI) Key Developments

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.

Valencia Ventures Inc., Annual General Meeting, May 26, 2014

Valencia Ventures Inc., Annual General Meeting, May 26, 2014., at 10:00 US Eastern Standard Time. Agenda: To receive and consider the audited financial statements of the corporation as at and for the fiscal year ended December 31, 2013, together with the report of the auditors thereon; to elect directors of the corporation for the ensuing year; to re-appoint McGovern, Hurley, Cunningham LLP as auditor of the corporation and authorize the directors to fix their remuneration; to re-approve the corporation's stock option plan; to consider the authorizing and approving the continuance of the corporation from the province of Quebec to the province of Ontario under the Business Corporations Act (Ontario); to consider and approve the consolidation of the corporation's common shares on the basis of up to 8-to1; and to transact such further or other business as may properly come before the meeting or any postponement(s) or adjournment(s) thereof.

 

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