VHV Valley High Ltd Com

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Valley High Ventures Ltd. ("Valley High", or the "Company") (TSX VENTURE:VHV) is
pleased to announce it has entered into an agreement with Canaccord Genuity
Corp. ( the "Underwriter"), under which the Underwriter has agreed to purchase,
on a bought deal basis, 10,000,000 Units (the "Units") at a price of CDN$0.75
per Unit for aggregate gross proceeds of CDN$7,500,000 (the "Offering"). Each
Unit will consist of one common share of the Company and one-half of one common
share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will
entitle the holder to subscribe for one additional common share for a period of
18 months from the closing of the Offering at an exercise price of CDN$1.00. In
the event that after four months and one day after the closing of the Offering,
the volume weighted average trading price of the Company's common shares on the
TSX Venture Exchange, for a period of 20 consecutive trading days exceeds
CDN$2.00, the Company may, within five days after such an event, provide notice
to the warrant holders of early expiry and thereafter, the Warrants will expire
on the date which is 30 days after the date of the notice to the warrant
holders.


The Company will also grant the Underwriter an over-allotment option to purchase
up to an additional 3,400,000 Units at the offering price for additional gross
proceeds of up to CDN$2,550,000 exercisable 48 hours prior to the closing of the
Offering.


The Company intends to use the net proceeds of the Offering to conduct
exploration on its projects in Mexico and Canada, and for general working
capital purposes.


The Offering is scheduled to close on or about October 8, 2010 and is subject to
certain conditions including, but not limited to, receipt of all required
regulatory approvals. The securities issued by Valley High in connection with
this Offering are subject to a 4-month "hold period" as prescribed by the TSX
Venture Exchange and applicable Canadian securities laws.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


About Valley High Ventures Ltd.:

Valley High is a Canadian based precious and base metal exploration company with
projects located in Mexico, British Columbia and Yukon. The Cordero project in
Mexico (49% interest) is being evaluated for large bulk mineable silver, gold,
zinc and lead deposits. The Mount Polley project is located in British Columbia
adjacent to Imperial Metals Corporation's ("Imperial") Mt. Polley copper-gold
mine and includes a production royalty on the Boundary Property, with Imperial.
In the Yukon, Valley High has an option to acquire a 100% interest in the Flume
gold property which is located within the newly recognized White Gold District.
Valdez Gold Inc. has been granted a right to earn up to 75% interest in Valley
High's interest in the Flume property. 


VALLEY HIGH VENTURES LTD.

Geoff Chater, President

This news release includes certain "forward-looking statements" under applicable
Canadian securities legislation. Such forward-looking statements or information,
including but not limited to those with respect to the prices of copper,
estimated future production, estimated costs of future production, permitting
time lines, involve known and unknown risks, uncertainties, and other factors
which may cause the actual results, performance or achievements of Valley High
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements or information. Such
factors include, among others, the actual prices of copper, the factual results
of current exploration, development and mining activities, changes in project
parameters as plans continue to be evaluated, as well as those factors disclosed
in documents filed from time to time with the securities regulators in the
applicable Provinces of British Columbia and Alberta.

Valley High Ltd Com (TSXV:VHV)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Valley High Ltd Com (TSXV:VHV)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024