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EARLY
WARNING NEWS RELEASE PURSUANT TO SECTION
102.1 OF THE SECURITIES ACT (ONTARIO)
AND NATIONAL INSTRUMENT 62-103/104
VANCOUVER, BRITISH COLUMBIA, October 5,
2012 -- El Nino Ventures Inc. ("ELN" or
the "Company") announces that Pacific
North West Capital Corp., ("PFN")
acquired ownership and control of
2,222,222 shares and 1,111,111 warrants
of ELN pursuant to the closing of the
first tranche of the Company's
non-brokered private placement of units
at $0.09/unit (non-flow through) and
$0.10/unit (flow through) announced in
the Company's previous news releases.
Mr. Harry Barr reports that as a result
of being a director of Pacific North
West Capital Corp. ("PFN"), he and the
Board of Directors of PFN exercise
control over the voting of the now
5,542,109 common shares of ELN that are
held by PFN.
There are currently approximately
72,775,016 common shares of ELN issued
and outstanding after completion of the
first tranche of the Private Placement.
As a result of Mr. Barr's personal
holdings and those of PFN's, Mr. Barr
has ownership of, and/or control and
direction over, an aggregate (both
directly and indirectly) of 9,305,342
common shares of ELN on an undiluted
basis, representing 12.79% of the issued
and outstanding shares of the Company,
and 13,912,614 shares on a fully diluted
basis, representing 14.79% of the
94,011,001 fully diluted shares in the
Company.
The common shares of the Company were
acquired for investment purposes and
Pacific North West Capital Corp. or Mr.
Barr may purchase additional securities
of the Company, either jointly or
individually, in the future for
investment purposes.
A copy of the Early Warning Report filed
under applicable Canadian provincial
securities legislation in connection
with Mr. Barr's shareholdings in ELN may
be found at www.sedar.com under ELN's
profile.
On Behalf of the Board of Directors,
"John Oness"
John Oness, COO & Director
Further Information: Tel: +1 604 685
1870 Fax: +1 604 685 8045
Email: info@elninoventures.com or visit www.elninoventures.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C.,
Canada, V5Z 3X7
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.
Cautionary Note Regarding Forward Looking Statements. 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. |
