Erin Announces an Update to Previously Announced Private Placement
Victoria, British Columbia (FSCwire) - Erin Ventures Inc. [TSX-Venture: EV] Erin will re-price its proposed private placement of up to 12,000,000 units from $0.06 per unit to $0.05 per unit with a full warrant exercisable at $0.15 for the first two years and with an exercise price of $0.30 in the third year.
The proceeds from this placement will be used to fund the Erin’s exploration activities on its Piskanja, Serbia property and for working capital purposes. Erin may pay finder's fees of up to 10% on this private placement. This proposed placement is conditional upon approval of the TSX Venture Exchange and receipt of subscriptions.
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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/erinventur12022014.pdf
Source: Erin Ventures Inc. (TSX Venture:EV) http://www.erinventures.com
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