Erin Ventures Announces Price Change for its Proposed Private Placement
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ERIN VENTURES INC.
NEWS RELEASE
Erin Ventures Announces Price Change for its Proposed Private Placement
March 23, 2020
Erin Ventures Inc. (" Erin" or the “ Company”) [TSXV: EV] announces i t is repricing its private placement
offering announced on February 24, 2020 from $0.05 per Unit to $0.035 per Unit for gross proceeds of up to
$500,000.00 (the “Offering”). As a result of current market trends the TSX Venture Exchange (“ TSXV”) has
provided the Company conditional acceptance for the private placement repricing.
The Offering is available to existing security holders of Erin (“Shareholders”) in accordance with the
provisions of the existing shareholder exemption (the “Existing Shareholder Exemption”) pursuant to BC
Instrument 45-534 (the Existing Shareholder Exemption is not available in Ontario or Newfoundland and
Labrador). In addition to conducting the Offering pursuant to the Existing Shareholder Exemption, Units will be
offered to accredited investors, close personal friends and business associates of directors and officers of the
Company, and certain investors who have been advised on the suitability of their investment by registered
investment dealers (the “Registered Advisor Exemption”).
The Company intends to use 55% of the net proceeds from the Offering, whether fully subscribed or not, to fund
further development of its wholly owned Piskanja boron project in Serbia and 45% of the net proceeds from the
Offering for general working capital purposes (consisting of payroll 28%, suppliers 11% and contractors 61%).
Each Unit will be compris ed of one (1) common share in the capital of the Company (a “ Share”) and one (1)
common share purchase warrant (a “Warrant”). Each Warrant will have a three (3) year term (the “ Exercise
Period”) and will be exercisable into one (1) Share at a price of $0.075 in the first year and $0.10 thereafter per
Share over the Exercise Period.
The Company has set February 21, 2020 as the record date for the purpose of determining Shareholders entitled to
purchase Units relying on the Existing Shareh older Exemption. The aggregate acquisition cost to a subscriber
relying on the Existing Shareholder Exemption cannot exceed $15,000 in a 12-month period unless the subscriber
has obtained advice from a registered investment dealer regarding the suitability of the investment.
Unless the Company determines to increase the gross proceeds of the Offering and receives TSXV approval for
such increase, if subscriptions by existing Shareholders exceed the maximum number of Units proposed to be
distributed after ha ving first satisfied the subscriptions of those subscribers relying on other prospectus
exemptions referred to herein, subscribers relying on the Existing Shareholder Exemption will be entitled to a pro
rata portion of the balance of Units available under the Offering.
Existing Shareholders are directed to contact the Company for further information concerning subscriptions for
Units pursuant to the Existing Shareholder Exemption, as follows:
Contact person: Blake Fallis
Telephone: 1-250- 384-1999 or 1-888-289-3746
Email: [email protected]
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The Offering will be on a private placement basis pursuant to prospectus exemptions of applicable securities laws
and is subjec t to final acceptance by the TSXV . The Units, and any Warrant Shares issued, will be subject to a
four-month hold period.
In accordance with the requirements under the Existing Shareholder Exemption and the Registered Advisor
Exemption, there is no material fact or material change about the issuer that has not been generally disclosed.
Erin continues to pursue the announced shares for debt transaction included in the February 24, 2020 news
release.
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.
Headquartered in Victoria, B.C., Canada, Erin's shares are traded on the TSX Venture Exchange under the symbol
"EV" and the OTCQB Venture Market 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 Re gulation 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 word s "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 fo rward-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 ,
including the novel coronavirus pandemic. Actual results could differ materially from the results referred to in the
forward-looking statements.