News Column

El Nino Announces $1.0 Million Non-Brokered Private Placement

May 23, 2014



ENP Newswire - 23 May 2014

Release date- 22052014 - Vancouver, Canada - El Nino Ventures Inc. (TSX.V: ELN; Frankfurt: E7Q; OTC Pink: ELNOF) is pleased to announce a non-brokered flow-through and non flow-through private placement of up to a combined 10,000,000 units for gross proceeds up to $1,000,000.

Both the non flow-through unit ('NFT Unit') and the flow-through unit ('FT Unit') at a price of $0.10 per Unit will consist of one common share and one-half of one non-transferable share purchase warrant ('Warrant').

Each whole share purchase Warrant will entitle the holder to purchase one common share of the Company at a price of $0.20 per share for 12 months from closing, subject to an accelerated expiry, such expiry being accelerated to 30 days in the event the Company's shares having closed at or above a price of $0.30 per share for 10 consecutive trading days on the TSX Venture Exchange.

The Company also reports that as mentioned in the previously announced Option Agreement with MMG Limited, MMG Limited is participating in the private placement for a total of USD$250,000. Management is pleased to have MMG take the lead order for the private placement and further demonstrates their commitment to the overall success of ELN, for not only for the Kasala project but for the Company's other projects as well.

The proceeds of this private placement will be used for potential acquisitions, investments and general working capital. The private placement and any finder's fees payable are subject to regulatory approval.

About El Nino Ventures Inc.

El Nino Ventures Inc. is an international exploration company, focused on exploring for lead, zinc, copper, gold and silver in New Brunswick, Canada and copper in the Democratic Republic of Congo ('DRC'). A recent consolidation resulted in the Company having prior to the above financing of 30.6 million shares Issued & Outstanding with a current market cap of approx. 2.0 million.

Kasala copper/cobalt project, (DRC)

One of the newest copper discoveries in the Central African Copperbelt, El Nino Ventures' Kasala prospect is located approximately 70 kilometers northwest of Lubumbashi, Democratic Republic of Congo's second largest city and the center of the country's massive copper/cobalt mining industry. The Central African Copperbelt contains over 10% of the world's copper and 34% of the world's cobalt. The Kasala project permits are located close to the Kinsevere Mine, which is expected to produce 24,000 tonnes (52 million pounds) of copper annually for the next 20 years.

Kasala Prospect mineralization zone is open to expansion by drilling to the north, south and west, and to depth. As drilled, the Kasala Prospect oxide zone measures ~600m long x 400m wide x 30m thick. It is very important to note that many 2008 drill holes ended in copper oxide mineralization and to note that adjacent blocks are under explored.

BATHURST PROJECTS - MURRAY BROOK AND BOJV PROJECTS

Murray Brook massive sulphide Project (ELN-Votorantim Metals Canada)

The Murray Brook Project is located 60 km west of Bathurst, in the northwest part of the Bathurst Mining Camp. The Murray Brook deposit is a zinc-lead-copper-silver massive sulphide which is the subject of a recently completed Preliminary Economic Assessment. The project is supported by excellent infrastructure including paved roads, grid electricity and communities to provide goods, services and skilled labour. ELN and VMC currently own 100% of the Murray Brook Project with VMC as the operator. VMC controls 65% and ELN controls 35%.

To date, more than 28,000 metres of drilling has been completed on the Murray Brook Project. The first NI43-101 mineral resource estimation and the first metallurgical results were published in press releases dated February 2012 and January 2013, respectively. On June 5, 2013 a positive Preliminary Economic Assessment was announced.

The results of the PEA demonstrate the potential technical and economic viability of establishing a new mine and mill complex on the Murray Brook property. The projected cash flows indicate an after-tax NPV at a 5% discount rate of $96.4 million, an IRR of 11.4%, and a payback period of 5.4 years. The NI43-101 Technical Report is filed on SEDAR and also available on the ELN website (http://www.elninoventures.com).

Bathurst Mining Camp zinc Project: (ELN-GLENCORE BOJV)

The BOJV Project is a Joint Venture between El Nino Ventures Inc. and Glencore Canada Corporation Canada Inc. The project covers much of the area of the Bathurst Mining Camp in northeastern New Brunswick. Recent exploration expenditures by Votorantim Metals Canada Inc. totaled approximately $6.8 million.

The BOJV project consists of 4712 claims owned 50% ELN and 50% Glencore Canada Corporation and 2907 claims owned 100% by Glencore Canada Corporation, together with an Area of Interest in which ELN and Glencore Canada Corporation hold equal interest. Due to the Area of Interest, the BOJV generates new projects for ELN at no initial cost. An example of such project generation for ELN is the Murray Brook Project.

Contact:

Harry Barr

Chairman & CEO

El Nino Ventures Inc.

Tel: +1 604 685 1870

Fax: +1 604 685 8045

Email: info@elninoventures.com

www.elninoventures.com

Cautionary Note Regarding Forward Looking Statements

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.


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Source: ENP Newswire


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