Erin Ventures Inc. (TSXV: EV) Proposes to carry out a private placement of up to 8,000,000 Units at a price of $0.07 per Unit. If fully subscribed the placement would provide the company with total proceeds of $560,000. The funds will be used to finance exploration and other expenses on the company’s Piskanja boron project in Serbia and for working capital. Finders’ fees of up to 10% may be paid. Each Unit will consist of one common share and one warrant. The warrant will have a two year term with an exercise price of $0.25. This placement is subject to approval of the TSX Venture Exchange. There is no assurance that the placement will be completed in full or at all.
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
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.