0 km of SUDBURY
September 23, 2010
Valencia Ventures Inc. announced that it has closed its previously announced acquisition of the Agnew Lake property, Ontario, Canada from Forbes & Manhattan Coal Corp. (formerly Nyah Resources Corp). In consideration, Valencia will pay to Nyah total consideration equal to CAD$1.0 M over a 12 month period, of which CAD$500,000 has been paid upon closing with a further CAD$250,000 in cash or common shares, at the sole discretion of Valencia due on or before Marche 21, 2010 and a further CAD$250,000 in cash or shares at the sole discretion of Valencia due on or before September 21, 2011.
July 7, 2010
Valencia Ventures announced that it has entered into a purchase and sale agreement with Nyah Resources to acquire a 100% interest in the Agnew Lake property from Nyah. The Agnew Lake property consists of two separate exploration claim blocks comprised of the Agnew Lake North property, which is the most advanced of the two claim blocks, and the Agnew Lake South property.
September 2, 2009
Nyah Resources Corp. has entered into a definitive share exchange agreement with Russo-Forest Corporation and each of the shareholders of Russo-Forest, pursuant to which Nyah has agreed to purchase all of the outstanding shares of Russo-Forest. Russo-Forest is a growing timberland and harvesting company. It intends to establish itself as a leading, vertically-integrated, certified supplier of value added wood products in Russia. Nyah also announces that it has entered into a definitive agreement with Cash Minerals Inc. for the sale to Cash Minerals of the Agnew Lake property and surrounding area held by Nyah in consideration for the issue to Nyah of an aggregate of 15,000,000 common shares and 7,500,000 common share purchase warrants of Cash Minerals.