Business
Early Warning News Release for Harry Barr, Chairman and CEO of El Nino Ventures Inc.
EARLY WARNING NEWS RELEASE PURSUANT TO SECTION 102.1 OF THE SECURITIES ACT (ONTARIO) AND...
About this update from Metalquest Mining Inc
[{"type":"text","content":"\n\n\n\n\n\nEARLY WARNING NEWS RELEASE PURSUANT TO SECTION 102.1 OF THE SECURITIES ACT (ONTARIO) AND NATIONAL INSTRUMENT 62-103/104\n\n\nVANCOUVER, Oct. 5, 2012 /CNW/ - El Nino Ventures Inc. (\"ELN\" or the\n \"Company\") announces that Pacific North West Capital Corp., (\"PFN\")\n acquired ownership and control of 2,222,222 shares and 1,111,111\n warrants of ELN pursuant to the closing of the first tranche of the\n Company's non-brokered private placement of units at $0.09/unit\n (non-flow through) and $0.10/unit (flow through) announced in the\n Company's previous news releases. Mr. Harry Barr reports that as a\n result of being a director of Pacific North West Capital Corp. (\"PFN\"),\n he and the Board of Directors of PFN exercise control over the voting\n of the now 5,542,109 common shares of ELN that are held by PFN.\n\n\nThere are currently approximately 72,775,016 common shares of ELN issued\n and outstanding after completion of the first tranche of the Private\n Placement.  As a result of Mr. Barr's personal holdings and those of\n PFN's, Mr. Barr has ownership of, and/or control and direction over, an\n aggregate (both directly and indirectly) of 9,305,342 common shares of\n ELN on an undiluted basis, representing 12.79% of the issued and\n outstanding shares of the Company, and 13,912,614 shares on a fully\n diluted basis, representing 14.79% of the 94,011,001 fully diluted\n shares in the Company.\n\n\nThe common shares of the Company were acquired for investment purposes\n and Pacific North West Capital Corp. or Mr. Barr may purchase\n additional securities of the Company, either jointly or individually,\n in the future for investment purposes.\n\n\nA copy of the Early Warning Report filed under applicable Canadian\n provincial securities legislation in connection with Mr. Barr's\n shareholdings in ELN may be found at www.sedar.com under ELN's profile.\n\n\nOn behalf of the Board of Directors,\n\n\nJay Oness\nCOO and Director\nEl Nino Ventures Inc.\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider\n (as that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n Cautionary Note Regarding Forward Looking Statements. Note:  This\n release contains forward-looking statements that involve risks and\n uncerta...