Erin Ventures Closed Private Placement
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ERIN VENTURES INC.
NEWS RELEASE
Erin Ventures Closed Private Placement
December 16, 2020
Erin Ventures Inc. ("Erin" or the “Company”) [TSXV: EV] is pleased to announce that it has completed its non-
brokered private placement offering initially announced yesterday, December 15, 2020, for an aggregate amount
of gross proceeds of $605,000.00.
Pursuant to the terms of the private placement, Erin issued 12,100,000 units (“Units”) at a price of $0.05 per Unit.
Each Unit consists of one (1) common share in the capital of the Company and one (1) common share purchase
warrant (a " Warrant"). Each Warrant will has a two (2) year term (the “ Exercise Period ”) and will be
exercisable into one (1) common share at a price of $0.075.
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 of $0.10 for more than ten (10) consecutive trading days during the
Exercise Period, 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 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.
The o ffering was conducted on a private placement basis pursuant to prospectu s exemptions of applicable
securities laws and remains subject to final acceptance by the TSXV. The Common Shares and Warrants
comprising the Units will be subject to a four (4)-month and one day hold period in accordance with the policies
of the TSXV and applicable securities laws. Three (3) arm’s length finders are to be paid an aggregate amount of
finders’ fees equal to $11,500 in accordance with the rules of the TSXV Corporate Finance Manual.
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 sy mbol "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
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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," “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, ch anges 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.