Erin Ventures Announces Proposed Private Placement
Victoria, British Columbia CANADA, September 13, 2013 /FSC/ - Erin Ventures Inc. (EV - TSX Venture), (the "Corporation") announces that, subject to regulatory approval, it intends to complete a non-brokered offering of up to 8,500,000 units ("Units") at a price of $0.07 per Unit for gross proceeds of up to $595,000 by way of a private placement (the "Private Placement"). Each Unit is comprised of one (1) common share ("Common Share") and one (1) Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.25 per Common Share for a period of two (2) years following the date of closing. Finder's fees of up to 10% may be paid.
The Corporation intends to use the proceeds from the Private Placement to finance exploration and other expenses on the Corporation's Piskanja boron project in Serbia and for working capital.
In accordance with TSX Venture Exchange Policy 4.1, the Corporation wishes to advise that the private placement announced on July 11, 2013 was not able to complete in time due to the summer holiday months. The Corporation still wishes to proceed with the private placement and accordingly reaffirms by way of this press release the terms of the private placement which it expect to close within the next two weeks.
On behalf of the Board of Directors,
Blake Fallis, General Manager
For further information, please contact:
Erin Ventures Inc.
Blake Fallis, General Manager
Phone: 1-250- 384-1999 or 1-888-289-3746
www.erinventures.com
645 Fort Street, Suite 203
Victoria BC V8W1G2
Canada
Erin's Public Quotations:
Canada
TSX Venture: EV
USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
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 the press release as a PDF file, please click on the following link:
http://www.usetdas.com/pr/erinventures09132013.pdf
Source: Erin Ventures Inc. (EV - TSX-V) http://www.erinventures.com
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