VXL valence industries limited

Ann: December 2015 Quarterly Activities Report and Appendix 5B, page-2

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    1. Receipts from product sales and related debtors current quarter and YTD = ZERO
    1. Loan facilities $5.1 m Amount used $5.1 m
    Total: cash at end of quarter (item 1.22) $612,ooo

    The only redeeming feature of this report is that management will soon have no more salary to draw on.
 
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