El Niño Ventures Inc. Appoints Independent Directors
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ELN News May 28 2010
May 28, 2010, Vancouver, Canada -- Mr. Harry Barr, Chairman & Acting CEO
of El Nino Ventures Inc. (TSX.V: ELN; FSE: E7Q) is pleased to announce that
three independent directors have been appointed to the Company's Board. These
include Mr. Gary Moore, MBA, BComm., Ms. Linda Holmes and Mr. Spiros Cacos, M.A.
Mr. Moore is a Director of Goldcliff Resource Corporation and Freegold Ventures
Limited. He is a graduate from the University of British Columbia from the
Faculty of Commerce (1976) and from the Masters of Business Administration
program (1982). He has held junior and senior executive positions with various
companies, including Trionics Technology Ltd., Trivest Management Inc., Global
Securities Corporation, Pacific International Securities Inc. and HTI Ventures
Corp.
Ms. Holmes has been a Canadian/U.S. Regulatory Compliance Consultant to public
companies since 1994. She is a Director of Fire River Gold Corp., Pacific North
West Capital Corp. (Corporate Secretary) and Next Gen Metals Inc. (Corporate
Secretary). Ms. Holmes has served as a director, corporate secretary or
compliance manager for several public companies, mostly in the mineral resource
industry, over the past 25 years.
Mr. Cacos is a Director of Fire River Gold Corp. and Next Gen Metals Inc. He
holds a Master of Arts degree in International Relations & Diplomacy from Paris,
France and a Bachelor of Arts degree from Simon Fraser University. He has
extensive experience in Corporate Communications and Corporate Finance,
specializing in public mineral exploration companies and has been responsible
for advising management on public relations, corporate finance and corporate
strategy. Mr. Cacos has an extensive network of contacts within the financial
community including fund managers, industry analysts and media throughout North
America, the United Kingdom and continental Europe.
Messrs. Moore, Cacos and Ms. Holmes will join Harry Barr and John (Jay) Oness to
establish a compliment of five Board members. Concurrently with these
appointments, the Company has accepted the resignation of its former Directors
Mr. Damian Towns, Mr. John Royall and Mr. Michael Philpot, who had indicated
they would not be standing for re-election at the Company's Annual General
Meeting to be held on June 24, 2010. The Company would like to thank them for
the years of service on the Board.
About El Niño Ventures Inc.
El Niño Ventures 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 Directors
"Harry Barr"
Harry Barr, Chairman
and Acting CEO
Further information:
Contact: Mark Feeney at
Telephone: +1.604.786.2387,
toll free 1.800.667.1870 Email:
Fax
604.683.4887, or visit www.elninoventures.com 2303
West 41st Avenue, Vancouver, B.C. Canada V6M 2A3
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.
You can view the Next News Releases item: Thu Jun 24, 2010, Litigation in the DRC Dismissed; El Nino Files $850,000 Counter Action Against Georges Kavvadias and GCP Group Ltd. for Breach of Agreement
You can view the Previous News Releases item: Tue May 4, 2010, Votorantim Metals Canada Inc. finalizes Option/Joint Venture Agreement with El Niño Ventures and Xstrata Zinc.
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