March 26, 2024 – VANCOUVER, BRITISH COLUMBIA – Valleyview Resources Ltd. (TSXV: VVR) (the “Company”) is pleased to provide an update with respect to its initial public offering (the “Offering”) and listing on the TSX Venture Exchange (the “TSXV”). Further to the Company’s final prospectus dated January 9, 2024 (the “Prospectus”) the Company is offering 4,500,000 common shares (the “Shares”) in the authorized share structure of the Company at a price of $0.10 per Share for aggregate gross proceeds of $450,000. Leede Jones Gable Inc. is acting as agent for the Offering. It is expected that the Offering will complete on March 28, 2024 and the Shares are expected to commence trading on the TSXV on April 1, 2024 under the symbol “VV”. More information regarding the Offering can be found in the Prospectus, a copy of which is available under the Company’s profile at www.sedarplus.ca. Following completion of the Offering, the Company will have 12,750,000 Shares outstanding with 1,150,000 Shares subject to escrow in accordance with National Instrument 46-201- Escrow for Initial Public Offerings. All of the 3,000,000 Shares which may be issued to Nexus Uranium Corp. (the optionor of the Fraser Lake property) will also be subject to a “value security” escrow in accordance with the policies of the TSXV. In connection with the Offering, the Company will also issue 360,000 non-transferable agent’s options, each of which will be exercisable into one Share at a price of $0.10 per Share for 60 months.
On behalf of the board of directors of the Company:
Joel Leonard
Chief Executive Officer
Telephone: 778-838-3692
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Statements
Certain statements in this news release constitute “forward-looking information” or “forward-looking statements” under applicable securities laws. Forward-looking statements reflect management’s current view of future events, expectations, plans and prospects with respect to the Company and include statements regarding the expected timing of completion of the Offering and commencement of trading on the TSXV. These statements are based upon assumptions that are subject to significant risks and uncertainties, including matters may arise that delay the timing of commencement of trading. Because of these risks and uncertainties, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurances that any will prove to be correct. The forward-looking statements in this release are made as of the date of this release. Except as required by applicable laws, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.