El Nino Ventures Inc. Proceeds with Private Placement
VANCOUVER,
Nov. 16, 2012 /CNW/ - El Nino
Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; OTCQX: ELNOF
Frankfurt: E7QN) announces that the Company will proceed with the
second tranche of its non-brokered flow-through and non
flow-through private placement for up to a combined 33,333,333
units for total gross proceeds of up to $3,000,000. The Company closed the first
tranche of the private placement on October
2, 2012 for gross proceeds of $1,351,452. The terms of the private
placement as announced September 7,
2012 remain unchanged.
The private placement terms and any finder's
fees payable are subject to regulatory approval. The proceeds
of this private placement will be used to fund the Murray Brook
polymetallic project in Bathurst, New
Brunswick and for general working capital.
About El Nino Ventures Inc.
El Niño Ventures Inc. is an international
exploration company, focused on exploring for zinc, copper, gold,
silver and lead in New Brunswick,
Canada and copper/cobalt in the Democratic Republic of Congo ("DRC").
On Behalf of the Board of Directors,
"John Oness"
John Oness, COO
& Director
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.
SOURCE El Nino Ventures Inc.