Business
El Nino announces its intent to terminate its U.S. registration and SEC reporting obligations
TSX.V: ELN OTCBB: ELNOF Frankfurt: E7Q
About this update from Metalquest Mining Inc
[{"type":"text","content":"\n\n\n\nTSX.V: ELN\n\n\nOTCBB: ELNOF\n\n\nFrankfurt: E7Q\n\n\nVANCOUVER, April 29 /CNW/ - El Nino Ventures Inc. ("El Nino") (TSX.V:\nELN; OTCBB: ELNOF; Frankfurt: E7Q) announces its intention to file a Form 15F\nwith the United States Securities and Exchange Commission (the "SEC") to\nvoluntarily terminate the registration of its Common Shares under the United\nStates Securities Exchange Act of 1934. El Nino expects the termination to\ntake effect no later than ninety days after the filing the Form 15F. As a\nresult of filing, the Company will immediately cease to file certain reports,\nincluding Form 20-F and Form 6-K, with the SEC.\n\n\nThe Company is not listed on any U.S. stock exchange and the\nadministrative burdens and costs associated with being a U.S. reporting\ncompany, particularly in light of the SEC Sarbanes-Oxley requirements, have\nincreased significantly in the past few years. Overall, El Nino believes these\nburdens and costs outweigh any benefits derived from the Company's foreign\nissuer status with the SEC, particularly as the vast majority of El Nino's\nshareholder base is Canadian.\n\n\nAs a TSX Venture Exchange listed reporting issuer, El Nino will continue\nto meet its Canadian continuous disclosure obligations through filings with\nthe applicable Canadian securities regulators. The Company's filings can be\nfound on the System for Electronic Document Analysis and Retrieval ("SEDAR")\nat www.sedar.com.\n\n\nAbout El Nino Ventures Inc.\n\n\nEl Nino Ventures is a junior exploration company, whose corporate\nobjective is to revisit former mining regions and apply the latest\ntechnologies to advanced stage exploration targets. El Nino has acquired a 70%\ninterest in over 350 square kilometers in the world renowned copper belt in\nthe Democratic Republic of Congo. In addition to our copper project in the\nCongo, the company has its project with Xstrata Zinc on the Bathurst mining\ncamps and have started drilling on its Ireland properties.\n\n\nOn Behalf of the Board of Directors\n\n\n"signed"\n\n\nJean Luc Roy, President and CEO\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release\n\n\nCUSIP(number sign) 28335E-10-6\n\n\nThis news release contains certain "Forward-Looking Statements"...