Erin Ventures Announces Proposed Private Placement
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ERIN VENTURES INC.
NEWS RELEASE
Erin Ventures Announces Proposed Private Placement
September 17, 2021
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 6,666,667 units of
the Company (“Units”) at a price of $0.075 per Unit for gross proceeds of approximately $500,000 (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 two (2) year term and
will be exercisable into one (1) Share at a price of $0.10.
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 $0.1 5 for more than ten (10) consecutive trading days during the
Exercise Period, Erin shall have the rig ht 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 Private Placement remains
subject to the 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.
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
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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 un certainties 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.