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EARLY WARNING NEWS RELEASE PURSUANT TO SECTION 102.1 OF THE
SECURITIES ACT (ONTARIO) AND NATIONAL INSTRUMENT 62-103/104
VANCOUVER, BRITISH COLUMBIA, April 4,
2012 -- El Nino Ventures Inc. ("ELN" or the "Company") announces that
Harry Barr, a director and officer of the Company, of Vancouver,
British Columbia, acquired ownership and control of 537,948 shares
and 268,975 warrants of ELN pursuant to the Company's non-brokered
private placement of units at $0.13/unit (non-flow through) and
$0.15/unit (flow through) announced in the Company's news release
dated, November 21, 2011 (the "Private Placement"). Prior to the
Private Placement, Mr. Barr held, directly and indirectly, an
aggregate of 2,810,228 common shares of ELN.
Mr. Barr also reports that as a director of Pacific North West
Capital Corp. ("PFN"), he exercises control over the voting of
3,319,887 common shares of ELN that are held by PFN.
There are currently approximately 57,688,037 common shares of ELN
issued and outstanding after completion of the second tranche of the
previously announced Private Placement. As a result of Mr. Barr's
personal holdings and those of PFN's, Mr. Barr has ownership of,
and/or control and direction over, an aggregate (both directly and
indirectly) of 6,668,063 common shares of ELN on an undiluted basis,
representing 11.56% of the issued and outstanding shares of the
Company, and 9,525,505 shares on a fully diluted basis, representing
12.38% of the 76,919,125 fully diluted shares in the Company.
The common shares of the Company were acquired for investment
purposes and Mr. Barr may purchase additional securities of the
Company, either jointly or individually, in the future for
investment purposes.
A copy of the Early Warning Report filed under applicable Canadian
provincial securities legislation in connection with Mr. Barr's
shareholdings in ELN may be found at www.sedar.com under ELN's
profile.
On behalf of the Board of Directors,
Jay Oness,
COO, Director,
El Nino Ventures Inc.
Further Information: Tel: +1 604 685 1870 Fax: +1 604 685 8045
Email: info@elninoventures.com or visit www.elninoventures.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C.,
Canada, V5Z 3X7
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.
Cautionary Note Regarding Forward Looking Statements. 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. |
