Business
El Niño Ventures Non-Brokered Private Placement Oversubscribed Increased To $800,000
El Niño Ventures Non-Brokered Private Placement Oversubscribed Increased To $800,000
About this update from Metalquest Mining Inc
[{"type":"text","content":"\n\n\n\n Sep. 16, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n TSX.V: ELNFRANKFURT: E7Q\n \n\n VANCOUVER, Sept. 16 /CNW/ - El Niño Ventures Inc. ("ELN" and the\n "Company") (TSX.V: ELN; Frankfurt: E7Q) is pleased to announce that the\n previously announced non-brokered private placement issued on September\n 2, 2010 and September 7, 2010, regarding a non-brokered private\n placement of 10,000,000 units for a total proceeds of $500,000 has been\n oversubscribed and the Company now wishes to increase the offering of up\n to 16,000,000 units for total proceeds of up to $800,000 subject to\n regulatory approval.  All other information from the news release dated\n September 2, 2010 and September 7, 2010 remains the same.\n \n\n About El Niño Ventures Inc.\n \n\n El Niño Ventures Inc. is a mineral exploration company, focused on\n copper/cobalt exploration in the DRC (see releases January 12, 2009,\n February 25, 2009, March 11, 2010 & June 24, 2010). The Company holds a\n 50% interest in an extensive base metal project located within the\n Bathurst mining camp in Ontario, Canada. El Niño finalized its option\n agreement in April 2010 with Votorantim Metals Canada Inc. and Xstrata\n Zinc whereby Votorantim may earn a 50% interest in El Niño's\n landholdings by expending $10 million over 5 years and may further\n increase its interest in El Niño's and Xstrata Zinc's landholdings to\n 70% by expending an additional $10 million...