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June 30,
2014 Vancouver, BC - El Niño Ventures
Inc. ("ELN") (TSX.V: ELN OTC Pink: ELNOF
FRANKFURT: E7Q), is pleased to announce
that it has completed the first tranche
closing of its non-brokered flow-through
and non flow-through private placement
for gross proceeds of $271,300.
The Company issued 3,875,715 non
flow-through units (NFT Units) at a
price of $0.07 per NFT Unit. Each NFT
Unit consists of one common share and
one-half of one non-transferable share
purchase warrant ("Warrant"). Each
Warrant will entitle the holder thereof
to purchase one additional common share
of the Company for a period of 12 months
from the closing date at a price of
$0.14, subject to an accelerated expiry,
such expiry being accelerated to 30 days
in the event the Company's shares having
closed at or above a price of $0.25 per
share for 10 consecutive trading days on
the TSX Venture Exchange. The proceeds
of this private placement will be used
for potential acquisitions, investments
and general working capital.
The Company has also completed a shares
for debt, whereby certain creditors have
agreed to settle certain debts with the
Company totaling $150,000. The Company
issued 2,000,000 shares at a price of
$0.07 per share and 142,857 units
("Units) at a price of $0.07 per Unit in
connection with the shares for debt.
Each Unit consists of one common share
and one-half of one non-transferable
share purchase warrant ("Warrant"). Each
Warrant will entitle the holder thereof
to purchase one additional common share
of the Company for a period of 12 months
from the closing date at a price of
$0.20, subject to an accelerated expiry,
such expiry being accelerated to 30 days
in the event the Company's shares having
closed at or above a price of $0.25 per
share for 10 consecutive trading days on
the TSX Venture Exchange.
All securities issued are subject to a 4
month and one day hold period which
expires on October 31, 2014.
On Behalf of the Board of Directors,
On Behalf of the Board of Directors
"Harry Barr"
Harry Barr
Chairman & CEO
El Nino
Ventures Inc.
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. |
