DENVER, CO / ACCESSWIRE / January 23, 2015 / Valmie Resources, Inc. (OTCBB:VMRI) is pleased to announce that it has completed a Share Surrender and Cancellation Agreement with its majority shareholder, Fen Investments & Holdings Ltd. Pursuant to the terms of the agreement Fen is in the process of returning to the company 237,360,000 shares of the company's common stock, which represents approximately 80 percent of the issued and outstanding shares of the company.
"Valmie continues to make headway in a number of business fronts," said Gerald B. Hammack, President and CEO of Valmie Resources. "Our goal is to build a dynamic growth organization by developing our core business and making prudent acquisitions, which will result in maximizing share valuation for our loyal investors."
As a result of the share exchange, the number of issued and outstanding shares of the company's common stock decreased from 296,400,000 to 59,040,000. As consideration for the cancellation of the shares, the company will issue to Fen 2,000,000 shares of its newly created Series "A" preferred stock.
About Valmie Resources (OTCBB:VMRI)
Valmie Resources is a U.S. company actively pursuing opportunities for the commercialization of leading edge products and services in the rapidly expanding technology industry. Valmie seeks concepts with valid business models positioned to make a significant impact within the four key "mega sectors" of technology: software, hardware, networking and semiconductors. Valmie brings operating talent, tools and leadership to emerging companies in these sectors, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value.
For further information visit http://valmie.com.
Forward-Looking Statements
Certain information provided in this press release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", and similar expressions are intended to identify such forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. You can find a discussion of those risks and uncertainties in our EDGAR securities filings with the Securities and Exchange Commission. Such factors include, but are not limited to: general economic, market and business conditions; fluctuations in the technology market; the results of product development and the result of our efforts to develop strategic relationships, partnerships and potential acquisitions that are in line with our business model; outcome of partnership negotiations; the uncertainty of market estimates; changes in environmental and other regulations; risks associated with retail operations; and other factors, many of which are beyond the control of the Company. There is no representation by Valmie Resources that actual results achieved during the forecast period will be the same in whole or in part as those forecast. Except as may be required by applicable securities laws, Valmie Resources assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
Contact
Valmie Resources, Inc.
Gerald B. Hammack, President and CEO
720-946-6390
SOURCE: Valmie Resources, Inc.