Erin Ventures Announces Proposed Private Placement
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ERIN VENTURES INC.
NEWS RELEASE
Erin Ventures Announces Proposed Private Placement
July 7, 2020
Erin Ventures Inc. (" Erin" or the “Company”) [TSXV: EV] announces that, subject to the approval of the TSX
Venture Exchange (the “ TSXV”), it intends to complete a private placement offering of up to 7,500,000 units of
the Company (“Units”) at a price of $0.045 per Unit for gross proceeds of up to $337,500.00 (the “Offering”).
Each Unit in this Offering will be comprised of one (1) common share in the capital of the Company (a “ Share”)
and one (1) common share purchase warrant (each, a “Warrant”). Each Warrant will have a twelve (12) month
term and will be exercisable into one (1) Share at a price of $0.05.
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%).
The Offering will be on a private placement basis pursuant to prospectus exemptions of applicable securities laws
and is subject to final acceptance by the TSXV . Depending on demand and regulatory requirements, a portion of
the Offering may be made to existing security holders of Company (“ 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 re gistered
investment dealers (the “Registered Advisor Exemption”).
The Company has set July 6 , 2020 as the record date for the purpose of determining shareholders entitled to
purchase Units relying on the Existing Shareholder Exemption . The aggregate ac quisition 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 C ompany 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 having first satisfied the subscrip tions of those subscribers relying on other prospectus
exemptions, 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 Units, and any Warrant Shares issued, will be subject to a four -month hold period. The proposed Offering is
subject to the approval of the TSX Venture Exchange.
In accordance with the requirements under the Existing Shareholder Exemption and the Regis tered Advisor
Exemption, there is no material fact or material change about the issuer that has not been generally disclosed.
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 USA
Blake Fallis, General Manager TSX Venture: EV OTCQB: ERVFF
Phone: 1-250- 384-1999 or 1-888-289-3746
[email protected] Europe
www.erinventures.com Berlin: 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," “fee l,” "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 factor s including commodity prices, and other risks and uncertainties.
Actual results could differ materially from the results referred to in the forward-looking statements.