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MPS

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Share Name Share Symbol Market Type
TSXV:MPS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

MPH Ventures Corp.: Non-Brokered Private Placement Announced

04/11/2010 5:47pm

Marketwired Canada


MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") announces
it has arranged a non-brokered private placement of up to 20,000,000 units at a
price of $0.05 per unit to raise gross proceeds of up to $1,000,000. Each unit
consists of one common share and one non-transferable share purchase warrant,
with each warrant to entitle the holder to purchase one common share for a
period of three years at a price of $0.10 per share.


The Company may pay up to a 7.5% finder's fee, payable in cash or units, in
connection with part of this private placement offering.


MPH intends to utilize the proceeds of this private placement for its 3400 acre
Pidgeon Molybdenum Deposit Project located approximately 50 kilometres east of
Dryden, in Northwestern Ontario, and for general working capital purposes.


Pidgeon Molybdenum Deposit Project Claims Map:
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS-ON-Pidgeon-area-map.gif

The Company is in the process of completing an update of its NI 43-101 resource
estimate of its 100% owned Pidgeon Molybdenum Deposit Project. Since acquiring
the project from BHP Billiton and Goldcorp in 2007, MPH Ventures has drilled
over 40 holes on the project and has hit significant molybdenum intersections
within open pit parameters.


About MPH

MPH Ventures is focused on the development of its wholly owned gold and
molybdenum projects located throughout Ontario. Management of MPH has extensive
expertise in identifying and adding value to exploration projects throughout
Ontario, Canada. 


For further information on MPH Ventures Corp. (TSX VENTURE:MPS) visit the
Company's web site at www.mphventurescorp.com.


ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President

This news release may contain certain "Forward-Looking Statements" that may
involve a number of risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements. For a more detailed
discussion of such risks and other factors, refer to the Company's filings with
Canadian Securities regulators available on www.sedar.com.


1 Year MPH Ventures Corp. Chart

1 Year MPH Ventures Corp. Chart

1 Month MPH Ventures Corp. Chart

1 Month MPH Ventures Corp. Chart