El Nino Ventures Appoints Mr. Harry Barr as Chairman and Acting CEO
ELN News Sept 25, 2009
Sept. 25, 2009
Vancouver, BC -- El Niño Ventures Inc. ("ELN" and the "Company")
is pleased to announce that Mr. Harry Barr has been appointed Chairman
and Acting CEO of the Company.
immediate objective will be to finance the Company to a level which will
secure the advancement of its properties in the Democratic Republic of
Congo ("DRC") where the Company made a significant Copper discovery,
which is now known as the Kasala Project. The Kasala Project has several
intercepts of ore grade material with thickness varying from 50 to 90
meters. Please refer to press releases dated
January 12, 2009 and
February 25, 2009.
In order to
further the development of the Kasala Project and ELN's other DRC
properties, Management plans to continue to negotiate with Joint venture
partners and arrange additional equity financing.
also wishes to announce that Mr. Jean Luc Roy has resigned from his
position of President and CEO of the company effective immediately.
of directors wish to thank Mr. Roy for his contribution to the Company
over the last three years and wish him the best in his future endeavors.
Nino Ventures Inc.
Niño Ventures is a exploration company, focused on exploring for
Copper/Cobalt in the Democratic Republic of Congo ("DRC"). In addition
the Company had entered into an Option agreement with Votorantim and
Xtrata Zinc whereby Votorantim, by incurring exploration expenditures of
$10 million over a period of 5 years. Votorantim may further elect to
increase its interest to 70% by spending another $10 million over an
additional two years. The Votorantim option is on an extensive land
package in the Bathurst Mining Camp that ELN currently shares 50/50 with
Xstrata Zinc Canada. (Please refer to ELN's
August 6, 2009 news release).
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 CUSIP#
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
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