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March
30, 2017 Vancouver, BC - El Niño Ventures
Inc. ("ELN" or the "Company") (TSXV: ELN;
OTC Pink: ELNOF; FSE: E7Q) EL Nino
Ventures is pleased to provide an update
of the acquisition of the Murray Brook
Deposit in the Brunswick Mining Camp
(BMC). By mutual agreement, the closing
date for this acquisition (See Press
Release Oct 13th, 2016) has been
postponed to April 30th, 2017. To
demonstrate that PUMA is confident that
the deal will close, the Company is
providing to El Nino an additional
deposit in the amount of CAD $90,000 to
be credited against the Closing Cash
Consideration for the acquisition of the
Murray Brook Property. In the event that
the transactions contemplated in the
Asset Purchase Agreement does not close
on or before April 30th, 2017 the
deposit will be retained by the vendor.
This extension will allow Puma
Exploration to satisfy the requirements
for the acquisition.
The Murray Brook property consists of
Mining Lease 252 and contiguous Mineral
Claim Block 4925 (245 claims) located 4
km west of the producing Caribou Mine,
which is owned and operated by Trevali
Mining Corporation. With the purchase of
the Murray Brook Deposit and Murray
Brook Minerals inc., Puma will hold
significant assets in the Bathurst
Mining Camp, which has produced over 120
million tons of ore since the opening of
the Brunswick No.12 Mine.
El Nino will continue to maintain its
current interest in the Bathurst Zinc
Project - Bathurst Option Joint Venture
(BOJV) also located in the Bathurst
Mining Camp.
For more information on the Company
please go to
www.elninoventures.com
On Behalf of the Board of Directors
"Harry Barr"
Harry Barr
Chairman & CEO
El Nino Ventures Inc.
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. |
