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Grants Stock Options
Feb 05, 2009 01:45PM
February 5, 2009
Valencia Ventures Grants Stock Options
TORONTO, ONTARIO--(Marketwire - Feb. 5, 2009) - Valencia Ventures Inc. (TSX VENTURE:VVI)("Valencia" or the "Company") is pleased to announce that it has granted 1,780,000 stock options to various officers, directors and consultants of the Company. The options have an exercise price of $0.10 and shall expire five years from the date of grant. The options shall vest immediately, subject to the four month regulatory hold period. The grant of options is subject to regulatory approval.
About Valencia Ventures
Valencia is a Canadian resource company traded under the symbol VVI on the TSX Venture Exchange. Valencia's development strategy is focused on the exploration and development of silver and gold properties, including the Cachinal and Juncal silver projects in Chile as well as its 50% interest in Valere Mining Ltd, a private Ontario gold company that holds the Mt Bundy Project located in the Northern Territory, Australia.