Erin Ventures Inc. (“Erin“) [TSXV: EV] announces that pursuant to the 12% interest bearing convertible debentures issued on April 10, 2015, July 14, 2015 and November 3, 2015 by way of private placement, for an aggregate principal amount of $1,917,700 (collectively, the “Debentures”) Erin will issue a total of 528,078 common shares, priced according to the terms of the Debentures, at $0.06 per common share in satisfaction of the aggregate interest payments owed by Erin of $31,683.96 to the outstanding Debenture holders.
The common shares issued will be subject to a four month hold period. The proposed shares for debt settlement is subject to the approval of the TSX Venture Exchange.
On behalf of the Board of Directors,
Blake Fallis, General Manager
About Erin Ventures Inc.
Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia and gold assets in North America. Headquartered in Victoria, B.C., Canada, Erin shares are traded on the TSX Venture Exchange under the symbol “EV”. For detailed information please see the Erin website at www.erinventures.com or the Company filed documents at www.sedar.com.
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
645 Fort Street, Suite 203
Victoria, BC V8W 1G2
Erin Public Quotations:
TSX Venture: EV
SEC 12G3-2(B) #82-4432
Berlin Stock Exchange: EKV
James E Wallis, M.Sc. (Eng), P. Eng., a director of Erin, is the Qualified Person who supervised the preparation of the technical data in this news release.
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.