El Nino Ventures (TSXV:ELN)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more El Nino Ventures Charts. Click Here for more El Nino Ventures Charts.](/p.php?pid=staticchart&s=TX%5EELN&p=8&t=15)
VANCOUVER, Sept. 16 /CNW/ --
TSX.V: ELNFRANKFURT: E7Q
VANCOUVER, Sept. 16 /CNW/ - El Niño Ventures Inc. ("ELN" and the
"Company") (TSX.V: ELN; Frankfurt: E7Q) is pleased to announce that the
previously announced non-brokered private placement issued on September
2, 2010 and September 7, 2010, regarding a non-brokered private
placement of 10,000,000 units for a total proceeds of $500,000 has been
oversubscribed and the Company now wishes to increase the offering of up
to 16,000,000 units for total proceeds of up to $800,000 subject to
regulatory approval. All other information from the news release dated
September 2, 2010 and September 7, 2010 remains the same.
About El Niño Ventures Inc.
El Niño Ventures Inc. is a mineral exploration company, focused on
copper/cobalt exploration in the DRC (see releases January 12, 2009,
February 25, 2009, March 11, 2010 & June 24, 2010). The Company holds a
50% interest in an extensive base metal project located within the
Bathurst mining camp in Ontario, Canada. El Niño finalized its option
agreement in April 2010 with Votorantim Metals Canada Inc. and Xstrata
Zinc whereby Votorantim may earn a 50% interest in El Niño's
landholdings by expending $10 million over 5 years and may further
increase its interest in El Niño's and Xstrata Zinc's landholdings to
70% by expending an additional $10 million over a further two years.
On Behalf of the Board of Directors,"Harry Barr"Harry
Barr, Chairman and CEO
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.
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.
pTel: + 1.604.685.1870 Toll Free: 1.800.667.1870 Fax: +1.604.685.8045 Email: a href="mailto:info@elninoventures.com" cr="true"info@elninoventures.com/a Or visit: a href="http://www.elninoventures.com" cr="true"www.elninoventures.com/a/p