|
TORONTO, ONTARIO--(Marketwired - May 26, 2015) - Valencia Ventures Inc. (NEX:VVI.H) ("Valencia" or the "Company") announces that the Company and Chelsea Natural Gas Ltd. ("Chelsea") have launched a private placement financing (the "Offering") of a minimum of 7,500,000 and a maximum of 12,500,000 subscription receipts (the "Subscription Receipts") of Chelsea at $0.40 per Subscription Receipt in connection with the proposed reverse take-over of Valencia (the "RTO") as announced on March 27, 2015. Mackie Research Capital Corporation (the "Agent") will act as sole Agent and bookrunner for the Offering. |
