Erin Ventures Proposes Private Placement
Victoria, British Columbia CANADA, March 19, 2013 /FSC/ - Erin Ventures Inc. (EV - TSX Venture), Proposes to carry out a private placement of up to 10,000,000 Units at a price of $0.07 per Unit. If fully subscribed the placement would provide the company with total proceeds of $700,000. 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 TSX Venture : EV
Blake Fallis, General Manager USA SEC 12G3-2(B) #82-4432
Phone: 1-250- 384-1999 or OTCBB: ERVFF
1-888-289-3746 Europe Berlin: EKV
www.erinventures.com
645 Fort Street, Suite 203
Victoria BC V8W1G2
Canada
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.
To view this press release as a PDF, please click on the following link:
http://www.usetdas.com/pr/erinventures03192013.pdf
Source: Erin Ventures Inc. (EV - TSX-V) http://www.erinventures.com
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