Vancouver, B.C. --
September 16, 2011 --
OTC Markets Group Inc. (OTCQX: OTCM), the financial information and
technology services company that provides the world's largest electronic
marketplace for broker-dealers to trade over-the-counter ("OTC") stocks,
announced that El Nino Ventures Inc. (OTCQX: ELNOF; TSX.V: ELN), an
international mineral exploration company, is now trading on the highest tier of
the OTC market, OTCQX(r).
El Nino Ventures began trading Thursday September 15, 2011 on the OTC market's
prestigious tier, OTCQX International. Investors can find current financial
disclosure and Real-Time Level 2 quotes for the Company on
"The OTCQX platform offers investor-focused companies a winning combination of
quality control, transparency, and broader visibility to U.S. investors," said
R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group.
"We are pleased to welcome El Nino Ventures to OTCQX."
Berns & Berns, Counselors at Law will serve as El Nino Ventures' Principal
American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX
requirements and U.S. securities laws.
"We are pleased to be able to better serve the growing number of U.S.
investors following El Nino Ventures with the enhanced U.S.-based trading
platform offered by OTCQX and the advisory services offered by Moody Capital
LLC," said ELN's Chairman & Acting CEO, Harry Barr. "The OTCQX has earned
a strong reputation for providing U.S. investors with improved liquidity,
transparency, superior information, and easy access through their U.S. regulated
broker-dealers. We believe that listing on the OTCQX is in the best interest of
the shareholders and will better enable the Company to raise additional capital
to further develop its projects and provide additional market liquidity."
The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter market.
Investor-focused companies use the quality controlled OTCQX listing platform to
offer investors transparent trading, superior information, and easy access
through their regulated U.S. broker-dealers. The innovative OTCQX platform
offers companies and their shareholders a level of marketplace services formerly
available only on a U.S. exchange. For more about OTCQX, visit www.otcqx.com
About El Nino Ventures Inc.
El Nino Ventures Inc. ("ELNOF" and the "Company") (OTCQX: ELNOF; TSX.V: ELN)
trades in Canada on TSX Venture Exchange under the symbol "ELN" and in the
United States on OTCQX under the symbol "ELNOF". El Nino Ventures is an
exploration company, focused on exploring for zinc (Zn), lead (Pb), silver (Ag),
and copper (Cu) in the Bathurst Mining Camp in New Brunswick, Canada. The
Company and Xstrata Zinc entered into a Tri-partite Option agreement with
Votorantim Metals Canada Inc. (Votorantim) whereby Votorantim, by incurring
exploration expenditures of $10 million over a period of 5 years can earn a 50%
interest in the project. Votorantim may further elect to increase its interest
to 70% by spending a further $10 million over an additional two years.
In addition, the Company entered into a Participation Agreement with Votorantim
on the Murray Brook Massive Sulphide/Polymetallic deposit, situated as well,
within the Bathurst Mining Camp. (See press release dated January 20, 2011) The
second phase of a $5 Million, 10,000 metre drilling program is now underway with
excellent assay results to date (see press release August 30, 2011)
In the Democratic Republic of the Congo (DRC) the company is also planning an
aggressive exploration program for 2012 at their Kasala Copper/Cobalt Project to
develop what management feels is a potential world class copper discovery in the
world's richest copper belt.
El Nino's management is aggressively seeking to acquire additional base and
precious metals projects on an international scale that meet our corporate
objectives and will add to its already extensive project portfolio.
On behalf, of the shareholders and Board of Directors of El Nino Ventures, I
would like thank you for your ongoing support.
Harry Barr, Chairman and Acting CEO
For further information:
Corporate: Jay Oness --
Investor Relations: Toll
2303 West 41st Avenue, Vancouve, B.C. V6M 2A3
TSX Venture Exchange or 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.
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
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.