El Niño Ventures Non-Brokered Private Placement Oversubscribed Increased To $800,000
16 Settembre 2010 - 3:30PM
PR Newswire (Canada)
VANCOUVER, Sept. 16 /CNW/ -- TSX.V: ELNFRANKFURT: E7Q VANCOUVER,
Sept. 16 /CNW/ - El Niño Ventures Inc. ("ELN" and the "Company")
(TSX.V: ELN; Frankfurt: E7Q) is pleased to announce that the
previously announced non-brokered private placement issued on
September 2, 2010 and September 7, 2010, regarding a non-brokered
private placement of 10,000,000 units for a total proceeds of
$500,000 has been oversubscribed and the Company now wishes to
increase the offering of up to 16,000,000 units for total proceeds
of up to $800,000 subject to regulatory approval. All other
information from the news release dated September 2, 2010 and
September 7, 2010 remains the same. About El Niño Ventures Inc. El
Niño Ventures Inc. is a mineral exploration company, focused on
copper/cobalt exploration in the DRC (see releases January 12,
2009, February 25, 2009, March 11, 2010 & June 24, 2010). The
Company holds a 50% interest in an extensive base metal project
located within the Bathurst mining camp in Ontario, Canada. El Niño
finalized its option agreement in April 2010 with Votorantim Metals
Canada Inc. and Xstrata Zinc whereby Votorantim may earn a 50%
interest in El Niño's landholdings by expending $10 million over 5
years and may further increase its interest in El Niño's and
Xstrata Zinc's landholdings to 70% by expending an additional $10
million over a further two years. On Behalf of the Board of
Directors,"Harry Barr"Harry Barr, Chairman and CEO Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Note: this release contains forward-looking statements that
involve risks and uncertainties. These statements may differ
materially from actual future events or results and are based on
current expectations or beliefs. For this purpose, statements
of historical fact may be deemed to be forward-looking
statements. In addition, forward-looking statements include
statements in which the Company uses words such as "continue",
"efforts", "expect", "believe", "anticipate", "confident",
"intend", "strategy", "plan", "will", "estimate", "project",
"goal", "target", "prospects", "optimistic" or similar
expressions. These statements by their nature involve risks
and uncertainties, and actual results may differ materially
depending on a variety of important factors, including, among
others, the Company's ability and continuation of efforts to timely
and completely make available adequate current public information,
additional or different regulatory and legal requirements and
restrictions that may be imposed, and other factors as may be
discussed in the documents filed by the Company on SEDAR
(www.sedar.com), including the most recent reports that identify
important risk factors that could cause actual results to differ
from those contained in the forward-looking statements. The
Company does not undertake any obligation to review or confirm
analysts' expectations or estimates or to release publicly any
revisions to any forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. Investors should not place undue
reliance on forward-looking statements. pTel: +
1.604.685.1870 Toll Free: 1.800.667.1870 Fax: +1.604.685.8045
Email: a href="mailto:info@elninoventures.com"
cr="true"info@elninoventures.com/a Or visit: a
href="http://www.elninoventures.com"
cr="true"www.elninoventures.com/a/p
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