GREEN VALLEY MINE INCORPORATED
Green Valley Founders Close Share Sale
Vancouver, B.C. – (April 6, 2018) – Green Valley Mine Incorporated (“Green Valley” or the “Company”) (TSX-V: GVY) is pleased to announce that further to its news release dated February 9, 2018, the founders of the Company have sold an aggregate of 10,433,290 common shares (the “Control Block Acquisition”) of the Company representing approximately 56.6% of the outstanding shares of the Company to 1151152 B.C. Ltd. (“Numberco”) and Ken Wang. The Company received approval of the Control Block Acquisition from its disinterested shareholders (by written consent) and the Exchange. The Company thanks Charles and Doreen Boitard who have been directors and officers of the Company since 1977 and thanks them for their dedication to the Company. Their term as directors and officers expired at the Company’s AGM on March 15, 2018.
All resolutions put forward at the AGM passed, and Xi (Walson) Wang was also elected as a director at the AGM, such that the directors of the Company are Scott Young, Robert Ferguson, David Mark, Bill Zhang and Walson Wang. Following the AGM, the Board of Directors resolved that Bill Zhang, would be appointed as CEO and Ke Feng (Andrea) Yuan would be appointed as CFO and Corporate Secretary. As the Company’s business evolves and as it considers other opportunities, the Company may appoint other officer positions needed for the Company’s operations and development.
The following are short biographies of the members of the Board and management:
Bill Zhang, Director and CEO
Mr. Zhang completed his Bachelor’s Degree in Computer Science in Liaoning, China. Upon coming to Canada, he worked in the technology sector and then proceeded to become an executive in container manufacturing. His roles included President and CEO of Mass Containers Ltd. and IT Manager of SCS Steel Containers System Inc. He is passionate about technology and is an experienced executive in IT. From 2015 onwards, Mr. Zhang became the President and CEO of Vling E Business Ltd., a company specializing in cloud infrastructure hosting, colocation and virtualization environment hosting. His breadth of knowledge and experience make his current role, as Director and CEO, a natural fit for his talents.
Andrea Yuan, CFO and Corporate Secretary
Andrea has over 24 years of accounting experience and strong working knowledge of International Financial Reporting Standards and US Generally Accepted Accounting Principles. She has experience in the following industries: junior resource; real estate; technology; biotechnology; commercial products; software; and, oil and gas. After serving as audit principal at Davidson & Company LLP, Andrea started her own consulting company in November 2011. She provides financial and management consulting services primarily to public companies listed on the TSX Venture Exchange, Canadian Securities Exchange, and/or the over-the-counter market. Andrea is a Certified Public Accountant (USA) and a Chartered Professional Accountant (Canada). She earned a Bachelor Degree in Economics from the Shanghai University of Finance and Economics.
Scott Young, Director
Since 2000, Scott has been acting as a corporate governance and communications consultant to publicly-traded technology, mining and pharmaceutical companies. From 2006 to 2011 he consulted to the 2010 Olympic Games Infection Control sponsor Alda Pharmaceuticals. Recently he acted as the managing director of Sonoma Resources which completed a RTO with Element Lifestyle Retirement. Over the last year he has managed the due-diligence process for Green Valley reviewing numerous opportunities to move the Company forward.
Robert Ferguson, Director
Mr. Ferguson has over 30 years of experience in communications, finance and marketing. He has served on numerous boards as both officer and director for the Company, Orsa Ventures, Cassidy Gold and Sonoma Resources Inc. Mr. Ferguson has also acted as an advisor to companies such as Eldorado Gold Corporation, Timmins Gold, Grayd Resources Inc., Euromax Resources Ltd., and China Minerals Mining Corporation. Over the course of his career, he has helped companies raise more than $250 million. Mr. Ferguson has an extensive network of contacts covering the globe.
David Mark, Director
David is an accomplished geoscientist. Since 1968, he has owned and managed Geotronics Consulting Inc., a company specializing in mineral exploration geophysics as well as geotechnical and environmental geophysics. David has served as an officer and/or director for numerous public mining companies and is currently a director of the Company and MOAG Copper Gold Resources Ltd. He is a member of the Association of Professional Engineers & Geoscientists of British Columbia as a Professional Geoscientist.
Walson Wang, Director
With over 15 years of experience in management roles, Walson has developed a wide skill set which includes overseeing business operations, negotiating with vendors, developing lasting business relationships, and achieving sales and revenue goals. Walson has been the President of It Asset Partners Inc. (“ITAP”) since 2013. As President of ITAP, Walson designed a custom enterprise resource planning (“ERP”) system, which helped to improve the flexibility and efficiency of operation. In addition, Walson led the cloud server management team and played a vital role in forging relationships and obtaining contracts with Lenovo, Nintendo, Acer, Avnet, Sprint and Time Warner Cable.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: “Scott Young”
Scott Young, Director
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