Valor Ventures Inc.

June 20, 2008 11:42 ET

Valor Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2008) - Valor Ventures Inc., (TSX VENTURE:VLR.P) today announced that the Company is continuing in its efforts to identify a qualifying transaction of merit. Most recently the Company completed extensive due diligence on a precious metals project in Peru, however the project did not stand the due diligence test. The Company's recent efforts have identified an industrial mineral project in Brazil on which the Company has initiated due diligence. The Company has retained Saint Barbara LLP to assist in the due diligence process and to review and comment on the merits of the project.

In order to supplement the Company's resources in its ongoing efforts to identify and evaluate potential qualifying transactions a non brokered private placement has been arranged. The company will sell up to 1,500,000 shares at $0.20 per share subject to regulatory approval. A finders fee is payable on a portion of this placement.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Valor Ventures Inc.
    Marc Cernovitch
    President and Chief Executive Officer
    (416) 368-7045
    (416) 368-9805 (FAX)