Erin Ventures Inc. [TSX-Venture: EV] announces a proposed private placement of up to 20,000,000 units at a price of $0.08 per unit. Each unit will consist of one common share and one warrant. Each warrant will permit the purchase of one common share at the price of $0.12 in the first year and $0.25 in the second year, with a term of two years.
The proceeds from this placement will be used to fund the company’s exploration activities on its Piskanja, Serbia property and for working capital purposes. The Company may pay finder’s fees of up to 10% on this placement. This proposed placement is conditional upon approval of the TSX Venture Exchange and receipt of subscriptions.
For further information, please contact:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
Erin’s Public Quotations:
TSX Venture: EV
SEC 12G3-2(B) #82-4432
Berlin Stock Exchange: EKV
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
Forward Looking Statements
This release contains forward looking statements. The words “believe,” “expect,” “feel,” “plan,” “anticipate,” “project,” “could,” “should” and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties including, without limitation, variations in estimated costs, the failure to discover or recover economic grades of minerals, and the inability to raise the funds necessary, changes in external market factors including commodity prices, and other risks and uncertainties. Actual results could differ materially from the results referred to in the forward-looking statements.