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El Nino Ventures Amends Terms of Non-Brokered Private Placement
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ELN News July 27, 2009

July 27, 2009 Vancouver, BC -- El Niņo Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; Frankfurt: E7Q) announces that further to its news release of May 4, 2009 the Company has amended its private placement to reduce the price from $0.10 to $0.08 per unit ("Unit") for gross proceeds of up to $2,000,000.  

Each Unit will consist of one common share (a "Common Share") and one share purchase warrant (a "Warrant").  Each Warrant entitles the holder to purchase one Common Share at an amended price of $0.15 per share (reduced from $0.25) for a period of 18 months, subject to accelerated expiry, such expiry being accelerated to 30 days in the event the Company's shares have closed at or above a price of $0.25 per share (reduced from $0.30) for ten consecutive trading days. A finder's fee may be payable in cash, shares and/or warrants in relation to this financing, in accordance with regulatory policies. The foregoing is subject to regulatory approval.

The proceeds of this private placement will be used to satisfy the Company's 2009 exploration program for the Democratic Republic of Congo ("DRC") projects and for general working capital.

Mr. Jean Luc Roy, President & CEO stated: "This financing will give the Company the funds required to move its DRC copper projects forward.  Subject to the closing of this private placement, drilling is planned on our Kasala Project and on Research Permit 9316 on which we have an agreement with Phoenix Mining SPRL.

 


On Behalf of the Board of Directors,,

"Jean Luc Roy"
Jean Luc Roy, President & CEO

Further information: 

Mark Feeney
Tel: 1.604.786.2587
mfeeney@elninoventures.com

Toll free 1.877.895.6466 or Telephone: +1.604.683.4886
Email:   Fax
604.683.4887, or visit www.elninoventures.com
1440 - 1166 Alberni Street, Vancouver, B.C. Canada V6E 3Z3


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 CUSIP# 28335E-10-6

Note: this release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as "continue", "efforts", "expect", "believe", "anticipate", "confident", "intend", "strategy", "plan", "will", "estimate", "project", "goal", "target", "prospects", "optimistic" or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

This news release is available on http://www.agoracom.com/ir/elnino, an investor relations site for commentary, feedback and questions.

 

 
 

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