Erin Ventures Completes Private Placement
ERIN VENTURES INC.
NEWS RELEASE
Erin Ventures Completes Private Placement
February 16, 2017
Erin Ventures Inc. (" Erin") [TSXV: EV] is pleased to announce that it has completed its non-brokered private
placement offering initially announced on February 7, 2017 for total gross proceeds of $479,000.
Pursuant to the terms of the private placement, Erin issued 9,580,000 units (“ Units”) at a price of $0.05 per Unit.
Each Unit is comprised of one (1) common share (“ Common Share ”) and one (1) Common Share purchase
warrant (“Warrant”). The Warrants are exercisable for three (3) year s at a price of $0.10 in the first year, $0.20
in the second year and $0.30 in the third year.
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 twenty (20) 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 subject to a four-month and one day hold period
in accordance with the policies of the TSXV and applicable securities legislation.
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 b asis pursuant to prospectus exemptions of applicable
securities laws and is subject to final acceptance by the TSX Venture Exchange. Three arm’s length finders are to
be paid finders’ fees for an aggregate total of $15, 512.50 in accordance with the rules of the TSX Venture
Exchange Corporate Finance Manual.
On behalf of the Board of Directors,
Blake Fallis, General Manager
About Erin Ventures
Erin Ventures Inc. is an internati onal mineral exploration a nd 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". For de tailed information please see Erin's website at
www.erinventures.com or the Company's filed documents at www.sedar.com.
Piskanja is a high-grade boron deposit with a NI 43-10 1 compliant mineral resource of 5.6 million indicated
tonnes (30.8% B2O3), in addition to 6.2 million inferred tonnes (28.8% B2O3).
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 SEC 12G3-2(B) #82-4432
645 Fort Street, Suite 203 OTCBB: ERVFF
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 uncertain ties including, without limitation, variations in estimated
costs, the failure to discover or recover economic gr ades 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.