Victoria, CANADA, May 23, 2014 - Erin Ventures Inc. (TSX-V: EV) (the "Company") has completed its recently announced private placement. The Company has issued a total of 10,000,000 units at a price of $0.06 per Unit for gross proceeds of $600,000.00. Each Unit consists of one common share and one warrant. The warrant will have a three year term with an exercise price of $0.15 in the first year and $0.30 in the second and third years. The warrants are subject to an accelerated expiry provision if the Company's shares trade at $0.30 in the first year or $0.40 in the second or third years. Finder's fees totaling $12,600.00 are being paid with respect to this placement. The proceeds of this placement will be used by Erin Ventures Inc. to fund exploration and other expenses on the Piskanja boron project in Serbia and for working capital. The securities issued in this placement are subject to a hold period expiring September 24, 2014.
On behalf of the Board of Directors, Blake Fallis, General Manager
For further information, please contact:
Erin Ventures Inc. Blake Fallis, General Manager Phone: 1-250- 384-1999 or 1-888-289-3746 www.erinventures.com 645 Fort Street, Suite 203 Victoria BC V8W1G2 Canada
Erin's Public Quotations:
Canada TSX Venture: EV
USA SEC 12G3-2(B) #82-4432 OTCBB: ERVFF
Europe Berlin Stock Exchange: EKV
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
Forward Looking Statements
This release contains forward looking statements. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties including, without limitation, variations in estimated costs, the failure to discover or recover economic grades of minerals, and the inability to raise the funds necessary, changes in external market factors including commodity prices, and other risks and uncertainties. Actual results could differ materially from the results referred to in the forward-looking statements.
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