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Early Warning Report
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ELN News June 17 2016
 

June 17, 2016 Vancouver, BC ‐ El Niņo Ventures Inc. ("ELN" or the "Company") (TSX.V: ELN OTC Pink: ELNOF FRANKFURT: E7Q) announces that Pacific North West Capital Corp. ("PFN") has sold 1,400,000 common shares of the Company. PFN disposed of the securities to diversify its portfolio investments and if allowable under the TSX Venture Exchange policies to reinvest in the Company's private placement.

Prior to the sale, PFN held 4,852,925 common shares of the Company, representing approximately 13.07% of the Company's issued and outstanding shares on a post-conversion beneficial ownership basis. As a result of the sale, PFN now owns 3,452,925 common shares, representing approximately 9.30% of the Company's current issued and outstanding shares of the Company on a post-conversion beneficial ownership basis, which decreases PFN's share position in the capital of the Company by approximately 3.77%. PFN's share ownership falls below the reporting threshold and therefore has no further reporting obligations under National Instrument 62-103.

On Behalf of the Board of Directors

"Harry Barr"

Harry Barr
Chairman & CEO
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

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.

 
 

You can view the Next News Releases item: Mon Jun 20, 2016, EL NINO CLOSES PRIVATE PLACEMENT AND ISSUES EARLY WARNING REPORT

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