Erin Ventures Announces Proposed Private Placement
ERIN VENTURES INC.
NEWS RELEASE
Erin Ventures Announces Proposed Private Placement
March 20, 2019
Erin Ventures Inc. ("Erin") [TSXV: EV] announces that, subject to the approval of the TSX Venture Exchange
(the “ TSXV”), it intends to complete a non -brokered private placement offering of up to 4,000,000 units
(“Units”) at a price of $0.11 per Unit for gross proceeds of up to $440,000 (the “Private Placement”). Each Unit
is comprised of one (1) common share (each, a “Common Share”) and one (1) warrant which will be exercisable
into one (1) Common Share of the Corporation (each a “ Warrant Share”). Each Warrant will have a term of
five (5) years and will entitle the holder to purchase one (1) Warrant Share at a price of $0.15 per share in the first
year and $0.30 thereafter per warrant over the exercise period following the closing date.
The Warrants also have an acceleration clause whereby if the Common Shares trade on the TSXV at a price equal
or greater than the designated trigger price for more than ten (10) consecutive trading days, Erin shall have the
right to give written notice to the holder requiring the holder to exercise the Warrant, in whole or in part, within a
period of thirty (30) days from the date of receipt of notice from Erin.
The Common Shares and Warrants comprising the Units will be s ubject to a four-month and one day hold period
in accordance with the policies of the TSXV and applicable securities legislation. The Private Placement remains
subject to the final approval of the TSXV.
The net proceeds from this financing will be used to fund further development of its wholly owned Piskanja boron
project in Serbia, and for working capital purposes.
This offering will be carried on a private placement basis pursuant to prospectus exemptions of applicable
securities laws and is subject to final acceptance by the TSX Venture Exchange.
On behalf of the Board of Directors,
Blake Fallis, General Manager
About Erin Ventures
Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia
and gold assets in North America. Headquartered in Victoria, B.C., Canada, Erin's shares are traded on the TSX
Venture Exchange under the symbol "EV" and the OTCQB under the symbol “ERVFF”. For detailed information
please see Erin's website at www.erinventures.com or the Company's filed documents at www.sedar.com.
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 OTCQB: ERVFF
645 Fort Street, Suite 203
Victoria BC V8W1G2 Europe
Canada 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. This list is not exhaustive of the factors
that may affect any of the Company's forward-looking information. These and other factors made in public disclosures
and filings by the Company should be considered carefully and readers should not place undue reliance on the Company's
forward-looking information. The Company does not undertake to update any forward -looking statement that may be
made from time to time by the Company or on its behalf, except in accordance with applicable securitie s laws.
Mineral resources are not mineral reserves and do not have demonstrated economic viability. "Inferred Resources" have a
great amount of uncertainty as to their existence, and economic and legal feasibility. Investors are cautioned not to
assume that all or any part of an inferred mineral resource reported in this news release will ever be upgraded to a higher
category or to reserves. U.S. persons are advised that while mineral resources are recognized under Canadian regulations,
the U.S. Securities and Exchange Commission does not recognize them. U.S. persons are also cautioned not to assume
that all or any part of an inferred mineral resource is economically or legally mineable.