NR NEWS RELEASE PAGE
Headline: Erin Ventures Proposes Private Placement
Symbol: EV
Erin Ventures Proposes Private Placement
Victoria, British Columbia CANADA, November 05, 2012 /FSC/ - Erin Ventures Inc. (EV - TSX Venture), proposes to carry out a private placement of up to 15,000,000 Units at a price of $0.07 per Unit. If fully subscribed the placement would provide the company with total proceeds of $1,050,000. 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 $0.15 in the first year and $0.30 in the second year, with an accelerated exercise clause if the shares trade at $0.30 in the first year or $0.40 in the second year. 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's Public Quotations:
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 SEC 12G3-2(B) #82-4432
645 Fort Street, Suite 203 OTCBB: ERVFF
Victoria BC V8W1G2 Europe
Canada Berlin Stock Exchange: EKV