Search Blog
Categories
January 2014
M T W T F S S
« Dec   Feb »
 12345
6789101112
13141516171819
20212223242526
2728293031  

Tags

Erin Ventures Completes Private Placement

admin

Erin Ventures Completes Private Placement

Victoria, British Columbia CANADA, January 27, 2014 /FSC/ – Erin Ventures Inc. (EV – TSX Venture), has completed its recently announced private placement. The Company has issued a total of 9,900,000 units at a price of $0.07 per unit for total proceeds of $693,000. Each unit consists of one common share and one warrant. The warrants have a two year term with an exercise price of $0.15 in the first year and $0.30 in the second year. The warrants are subject to an accelerated expiry provision if the Company’s shares trade above $0.30. Finder’s fees totaling $9,275 are being paid with respect to this placement. The proceeds of this placement will be used by Erin Ventures Inc. to fund exploration and development expenses, in addition to general and administrative expenses and working capital. The securities issued in this placement are subject to a hold period expiring May 28, 2014.

On behalf of the Board of Directors,

Blake Fallis, General Manager

For further information, please contact:

Blake Fallis, General Manager

Phone: 1-250- 384-1999 or 1-888-289-3746

www.erinventures.com

Erin’s Public Quotations:

Erin Ventures Inc.

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.

To view the press release as a PDF file, please click on the following link:

http://www.usetdas.com/pr/erinventures01272014.pdf

Source: Erin Ventures Inc. (EV – TSX-V) http://www.erinventures.com

Maximum News Dissemination by FSCwire. http://www.fscwire.com