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Spring/Summer 2021
Dear Shareholders:
On behalf of the Board of Directors, I am pleased to
update you on the Business Plan for El Niņo Ventures,
its progress to date, in 2021, and our Goals and
Objectives for the balance of this year and beyond.
El Niņo Ventures Inc. is an Exploration Company, who for
the last 10 years has focused on Exploration for Zinc,
Lead, Copper and Silver, and gold on the East Coast of
Canada. The Board of Directors has recently agreed to
Management's request to look at diversifying the Company
into other areas within the resource sector.
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Harry Barr
Chairman & CEO |
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The Company has decided to sell, by way of option, the
Company's Minority Interest, in our Joint Venture, with
Votorantim Metals Canada Inc., more specifically our
interest in the Murray Brook Polymetallic Project. The
company is working with its joint venture partner to
sell their combined interest in the Murray Brook
Project.
Due to the fact Puma, who had an option to purchase
Murray Brook, did not complete its buyout, ELN's
interest in the project was returned and a 0.67% royalty
(NSR) on the Murray Brook Project was granted to ELN.
The funds from the sale of ELN's Murray Brook
interest will amount to a Non-Dilutive Financing for the
Company and Management plans to use these funds to
acquire new projects and will continue to search for
high quality new projects and also look at diversifying
the company.
COMMENTARY
The Junior Exploration sector, which suffered
considerably, over the last nine (9) years, appears to
have reached its bottom. Metal Prices have increased
considerably and a vast number of savvy investors,
industry analysts and mine investment companies feel
demand for metals is expected to increase over the next
few years due to world wide demand, and increased
commerce on an international scale.
ELN Management and Directors continue to work diligently
on acquiring financing for the Company and our Projects.
Our January 2021 cash balance is approximately C$6
million with no debt in addition to approximately
600,000 puma shares plus 500,000 Puma Warrants,
exercisable at C$0.25 until December. We look forward to
continuing to provide you with updates on our go-forward
plan for the balance of our activities in 2021 and
beyond. On behalf of the Board of Directors, we thank
you for your ongoing support.
For further information on your Company, please visit:
www.elninoventures.com
Opt-In on the website, to receive continued updates on ELN.
On behalf of the Board of Directors,
Yours sincerely,
"Harry Barr'"
Harry Barr
Chairman & CEO
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