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June
17, 2016 Vancouver, BC ‐ El Niño
Ventures Inc. ("ELN" or the "Company") (TSX.V:
ELN OTC Pink: ELNOF FRANKFURT: E7Q)
announces that Pacific North West
Capital Corp. ("PFN") has sold 1,400,000
common shares of the Company. PFN
disposed of the securities to diversify
its portfolio investments and if
allowable under the TSX Venture Exchange
policies to reinvest in the Company's
private placement.
Prior to the sale, PFN held 4,852,925
common shares of the Company,
representing approximately 13.07% of the
Company's issued and outstanding shares
on a post-conversion beneficial
ownership basis. As a result of the
sale, PFN now owns 3,452,925 common
shares, representing approximately 9.30%
of the Company's current issued and
outstanding shares of the Company on a
post-conversion beneficial ownership
basis, which decreases PFN's share
position in the capital of the Company
by approximately 3.77%. PFN's share
ownership falls below the reporting
threshold and therefore has no further
reporting obligations under National
Instrument 62-103.
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
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. |
