El Niño Announces Private Placement
view PDF

ELN News Oct. 6, 2006

October 6, 2006, Vancouver, BC -- El Niņo Ventures Inc. ("El Niņo") (TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q) ) announces a non-brokered private placement of up to 496,133 flow-through common shares at a purchase price of $0.75 per common share for gross proceeds of up to $372,100. 

A finder's fee of up to 7% may be paid in shares and 10% may be paid in warrants.

The proceeds of the private placement will be used to satisfy the Company's exploration commitment for the Bathurst Zinc / Base Metals Mining Camp in New Brunswick.

The foregoing is subject to regulatory approval.

About El Niņo Ventures Inc.

El Niņo is an exploration stage company currently developing an aggressive global acquisition strategy.  Our business model is to revisit former mining regions, apply new technologies to advanced stage exploration targets, and aggressively acquire new projects.  Our present focus is on Canada, Alaska, and Eastern / Central Europe.  In Canada, El Niņo has an Option / Joint Venture with Xstrata Zinc to explore the world class Bathurst Zinc / Base Metals Mining Camp in New Brunswick.  El Niņo is also exploring for uranium in the Bancroft uranium camp in Ontario.  El Niņo is currently negotiating on new projects in Alaska, and Europe.  

On Behalf of the Board of Directors,
Jean Luc Roy 
President & COO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
CUSIP# 28335E-10-6

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission. This email should not be construed as an offer to buy or sell securities of this company.


You can view the Next News Releases item: Wed Oct 11, 2006, EL NIÑO'S EXTENSIVE DRILL PROGRAM ON WORLD CLASS MINING CAMP - 23,000 meters (75,000 feet)

You can view the Previous News Releases item: Wed Sep 6, 2006, El Niño Exploration Update - Bathurst Zinc Mining Camp, Bathurst, New Brunswick, Option agreement with Falconbridge

You can return to the main News Releases page, or press the Back button on your browser.