El Nino Ventures Inc. Announces Increase in Brokered Private Placement Financing
August 29, 2007, Vancouver, BC – El Nino Ventures Inc. (the “Company”) (TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q) is pleased to announce that further to is news release of August 9, 2007, it has amended the terms of the previously announced private placement with Cormark Securities Inc. and Haywood Securities Inc. to increase the size of the offering to 5,888,889 units for total proceeds of $5,300,000, subject to the approval of the TSX Venture Exchange.
The proceeds from the financing will be used for exploration, drilling, and engineering at the Company’s properties in the Democratic Republic of Congo and for general corporate purposes.
The securities proposed to be offered in the private placement have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful.
2303 West 41st Avenue, Vancouver, BC Canada V6M 2A3
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
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: Thu Aug 30, 2007, El Nino Ventures Closes $0.90/Unit Brokered Private Placement Financing
You can view the Previous News Releases item: Mon Aug 20, 2007, El Niño Ventures to start 5,000 Meter Drill Program on their Democratic Republic oF Congo (DRC) Properties
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