September 2, 2010
Vancouver, Canada -- El Niño Ventures Inc.
("ELN" and the "Company") (TSX.V:
ELN; Frankfurt: E7Q)
wishes to announce a non-brokered private placement of up to 10,000,000 units at
a purchase price of $0.05 per unit for gross proceeds of up to $500,000. Each
unit will consist of one common share and one non-transferable share purchase
warrant. Each share purchase warrant entitles the holder to purchase one common
share of the Company over a period of three years at a price of $0.07 per share
in the first year; $0.08 per share in the second year; and $0.09 per share in
the third year.
A finder's fee may be payable. The foregoing is subject to regulatory approval.
The proceeds of this private placement will be used to aquire new projects and
general working capital.
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). 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
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
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.