Erin Ventures Inc. (TSX-Venture: EV) has now closed its private placement of 15,000,000 units at a price of $0.07 per unit for total proceeds of $1,050,000. Each unit consists of one common share and one warrant. The warrants have a two year term with an exercise price of $0.15 in the first year and $0.30 in the second year. Finder’s fees totaling $28,945 are being paid with respect to this placement. The proceeds of this placement will be used by Erin Ventures Inc. to fund exploration and development expenses, in addition to general and administrative expenses and working capital. The securities issued in this placement are subject to a hold period expiring April 19, 2013.
On behalf of the Board of Directors,
Blake Fallis, General Manager
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
www.erinventures.com
Erin’s Public Quotations:
Canada
TSX Venture: EV
USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
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.