El Niño Ventures Non‐Brokered Private Placement Oversubscribed Increased To $800,000
TSX.V: ELN FRANKFURT: E7Q
El Niño Ventures Non‐Brokered Private Placement Oversubscribed Increased To $800,000
September 16, 2010 Vancouver, Canada – El Niño Ventures Inc. (“ELN” and the “Company”) (TSX.V: ELN; Frankfurt: E7Q) is pleased to announce that the previously announced non‐brokered private placement issued on September 2, 2010 and September 7, 2010, regarding a non‐brokered private placement of 10,000,000 units for a total proceeds of $500,000 has been oversubscribed and the Company now wishes to increase the offering of up to 16,000,000 units for total proceeds of up to $800,000 subject to regulatory approval. All other information from the news release dated September 2, 2010 and September 7, 2010 remains the same.
About El Niño Ventures Inc.
El Niño Ventures Inc. is a mineral exploration company, focused on copper/cobalt exploration in the DRC (see releases January 12, 2009, February 25, 2009, March 11, 2010 & June 24, 2010). The Company holds a 50% interest in an extensive base metal project located within the Bathurst mining camp in Ontario, Canada. El Niño finalized its option agreement in April 2010 with Votorantim Metals Canada Inc. and Xstrata Zinc whereby Votorantim may earn a 50% interest in El Niñoʹs landholdings by expending $10 million over 5 years and may further increase its interest in El Niñoʹs and Xstrata Zincʹs landholdings to 70% by expending an additional $10 million over a further two years.
On Behalf of the Board of Directors, “Harry Barr”
Harry Barr, Chairman and CEO For further information: Tel: + 1.604.685.1870 Toll Free: 1.800.667.1870 Fax: +1.604.685.8045 Email: [email protected] Or visit : www.elninoventures.com
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.
Note: this release contains forward‐looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward‐looking statements. In addition, forward‐looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward‐looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward‐looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward‐looking statements.
ELN News Release Page 1 of 1 September 16, 2010