El Niño Ventures Announces $1,500,000 Non-Brokered Private Placement

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[{"type":"text","content":"\n\n\n\n\n\nTSX.V: ELN FSE: E7Q OTCQX: ELNOF\n\n\nVANCOUVER, Nov. 21, 2011 /CNW/ - El Niño Ventures Inc. (\"ELN\" and the \"Company\") (TSX.V: ELN; Frankfurt:\n E7Q; OTCQX: ELNOF) is pleased to announce non-brokered flow-through and non flow-through\n private placements of up to 10,000,000 units for gross proceeds up to\n $1,500,000.\n\n\nEach non flow-through unit (\"NFT Unit\") at a price of $0.13 per NFT Unit\n will consist of one common share and one-half of one non-transferable\n share purchase warrant (\"Warrant\"). Each whole Warrant will entitle the\n holder to purchase one common share of the Company at a price of $0.23\n per share for 18 months from closing, subject to an accelerated expiry,\n such expiry being accelerated to 30 days in the event the Company's\n shares have closed at or above a price of $0.40 per share for 10\n consecutive trading days on the TSX Venture Exchange.\n\n\nEach flow-through unit (\"FT Unit\") will consist of one common\n flow-through share in the capital of the Company and one-half of one\n non flow-through share purchase warrant at a price of $0.15 per FT\n Unit.  Each whole warrant will entitle the holder thereof to purchase\n one additional non flow-through common share of the Company at $0.25\n for a period of 18 months from closing subject to an accelerated\n expiry, such expiry being accelerated to 30 days in the event the\n Company's shares have closed at or above a price of $0.40 per share for\n 10 consecutive trading days on the TSX Venture Exchange.\n\n\nThe private placements and finders fees payable are subject to\n regulatory approval.\n\n\nThe proceeds of this private placement will be used to fund the 2012\n exploration budget at the Murray Brook Polymetallic project in\n Bathurst, New Brunswick and general working capital.\n\n\nAbout El Niño Ventures Inc.:\n\n\nEl Niño Ventures Inc. is an international exploration company, focused\n on exploring for lead, zinc, copper, gold and silver in New Brunswick,\n Canada and copper in the Democratic Republic of Congo (ʺDRCʺ).\n\n\nMurray Brook Project\nIn January 2011, ELN announced that it has provided notice to Votorantim\n Metals Canada Inc. (Votorantim) to enter into a Participation Agreement\n on the Murray Brook Massive Sulphide Polymetallic deposit situated in\n the Bathurst Mining Camp in New...

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