Another NR "SNOOZER"Erin Ventures to go ahead with $300,000 financing
2009-10-22 19:17 ET - News Release
Mr. Blake Fallis reports
ERIN ANNOUNCES PROPOSED PLACEMENT
Erin Ventures Inc. is now proceeding with its previously announced private placement of six million units at a price of five cents per unit for total proceeds of $300,000. Each unit will consist of one common share and one warrant, with each warrant entitling the holder to purchase one common share at a price of 10 cents per share if exercised in the first year or 20 cents if exercised in the second year. The proceeds of this placement will be used for working capital purposes and for exploration activities. The company may pay finders' fees of up to 10 per cent in connection with this placement. This private placement is fully subscribed. This placement is subject to receipt of subscriptions and receipt of TSX Venture Exchange approval.
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