El Nino Ventures Closes Non Brokered Private Placement

About this update from Metalquest Mining Inc

[{"type":"text","content":"\n\n\n Apr. 8, 2011 (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\nVANCOUVER, April 8 /CNW/ - El Niño Ventures Inc. ("ELN" and the "Company") (TSXV: ELN) (Frankfurt:\n E7Q)  is pleased to announce that it has closed the second and final tranche\n of its previously announced non-brokered flow-through and\n non-flow-through unit financing raising gross proceeds of\n $2,128,159.54.\n\n\nThe Company issued 1,275,713 non flow-through units (NFT Units) at $0.07\n per NFT Unit. Each NFT Unit consists of one common share and one-half\n share purchase warrant (Warrant). Each whole Warrant entitles the\n holder to subscribe for one additional common share of the Company at\n $0.10 per share for a period of 18 months from closing. Notwithstanding\n the foregoing, if the closing price of the common shares of the Company\n on the TSX Venture Exchange is at least $0.15 per share for any 10\n consecutive trading days, the Company may accelerate the expiry time of\n the Warrants to 30 calendar days from the date express written notice\n is provided by the Company to the warrant holder.\n\n\nIn addition, the Company issued an aggregate 500,000 flow-through units\n (FT Units) at $0.10 per FT Unit. Each FT Unit consists of one common\n flow-through share and one-half non flow-through share purchase warrant\n (Warrant). Each whole Warrant will entitle the holder to subscribe for\n one additional non flow-through common share of the Company at $0.20\n p...

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