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Nov 6, 2017 Vancouver, BC - El Niño
Ventures Inc. ("ELN" or the "Company") (TSXV:
ELN; OTC Pink: ELNOF; FSE: E7Q) EL
Nino Ventures ("ELN") is pleased to
provide an update
ELN is actively vetting new projects
with the objective of acquiring precious
and base metal projects. ELN's team of
professionals are geared towards
building quality assets and will
continue to do so.
Further to the May release (May
01, 2017) regarding the sale of ELN'
interest in the Murray Brook Project as
per the revised Puma Exploration deal,
the second due payment from Puma of
$400,000, postponed to May 10th, 2018,
has been increased to $500,000 and will
be added to the existing third payment
of $1,000,000 due for May 10th, 2018 for
a total amount of $1.5M.
In addition, the Company announces that
it has granted 3,625,000 incentive stock
options to directors, officers and
consultants of the Company at an
exercise price of $0.05 per share for a
period of five (5) years from the date
of grant in accordance with the
Company's Stock Option Plan. The Stock
Options granted will be subject to
vesting restrictions and will vest
quarterly over one (1) year from the
date of grant. The options are subject
to acceptance by the TSX Venture
Exchange and will be subject to
regulatory hold periods in accordance
with applicable Canadian Securities
Laws.
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. |
