|
TORONTO, ONTARIO--(Marketwire - June 20, 2011) - Valencia Ventures Inc. (TSX VENTURE:VVI) ("Valencia" or the "Company") wishes to provide an update to its news releases dated June 23, 2010 and March 3, 2011, whereby it disclosed that it had loaned $700,000 to a private Ontario company ("OntarioCo") to carry out a comprehensive exploration program on certain properties Valencia was considering acquiring to satisfy the 2010 work commitments in respect of the properties. OntarioCo has repaid $127,000 of the principal amount of the Loan and $573,000 remained outstanding (the "Loan"). |
