New Issue: Valencia finishes C$2 million private placement of units

By Sheri Kasprzak

New York, March 16 - Valencia Ventures Inc. wrapped a C$2 million private placement.

The company issued 7,393,750 units and 5,106,250 flow-through units at C$0.16 each.

Each unit includes one share and one warrant. The warrants are exercisable at C$0.21 each through March 15, 2008.

Proceeds will be used for exploration and development on the company's projects and for general corporate purposes.

Based in Toronto, Valencia is a precious metals exploration company.

Issuer:	Valencia Ventures Inc.
Issue:	Flow-through and non flow-through units of one share and one warrant
Amount:	C$2 million
Settlement date:	March 16
Stock symbol:	TSX Venture: VVI
Stock price:	C$0.455 at close March 15
Flow-through units
Units:	5,106,250
Price:	C$0.16
Warrants:	One warrant per unit
Warrant expiration:	March 15, 2008
Warrant strike price:	C$0.21
Non flow-through units
Units:	7,393,750
Price:	C$0.16
Warrants:	One warrant per unit
Warrant expiration:	March 15, 2008
Warrant strike price:	C$0.21

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