🕐17.09.11 - 06:54 Uhr
WG: EL NINO VENTURES INC. JOINS OTCQX -- "ELNOF"
Von: El Nino Ventures Inc.
[mailto:]
Gesendet: Freitag, 16.
September 2011 22:35
An:
Betreff: El Nino Ventures Inc.
Joins OTCQX -- "ELNOF"
NEWS RELEASE
www.elninoventures.com
_____
El Nino Ventures Inc.
Joins OTCQX -- "ELNOF"
_____
Vancouver, B.C.
-- September 16, 2011 -- OTC Markets Group Inc
.
(OTCQX: OTCM), the
financial information and technology services company that provides the
worlds largest electronic marketplace for broker-dealers to trade
over-the-counter ("OTC") stocks, announced that El Nino Ventures Inc.
(OTCQX: ELNOF; TSX.V: ELN), an international mineral exploration company, is
now trading on the highest tier of the OTC market, OTCQX(r).
El Nino Ventures began trading Thursday September 15, 2011 on the OTC
markets prestigious tier, OTCQX International.
Investors can find current
financial disclosure and Real-Time Level 2 quotes for the Company on
www.otcqx.com and www.otcmarkets.com
.
"The OTCQX platform offers investor-focused companies a winning combination
of quality control, transparency, and broader visibility to U.S.
investors,"
said R.
Cromwell Coulson, President and Chief Executive Officer of OTC
Markets Group.
"We are pleased to welcome El Nino Ventures to OTCQX."
Berns & Berns, Counselors at Law will serve as El Nino Ventures Principal
American Liaison ("PAL") on OTCQX, responsible for providing guidance on
OTCQX requirements and U.S.
securities laws.
"We are pleased to be able to better serve the growing number of U.S.
investors following El Nino Ventures with the enhanced U.S.-based trading
platform offered by OTCQX and the advisory services offered by Moody Capital
LLC," said ELNs Chairman & Acting CEO, Harry Barr.
"The OTCQX has earned a
strong reputation for providing U.S.
investors with improved liquidity,
transparency, superior information, and easy access through their U.S.
regulated broker-dealers.
We believe that listing on the OTCQX is in the
best interest of the shareholders and will better enable the Company to
raise additional capital to further develop its projects and provide
additional market liquidity."
About OTCQX
The OTCQX marketplace is the premier tier of the U.S.
Over-the-Counter
market.
Investor-focused companies use the quality controlled OTCQX listing
platform to offer investors transparent trading, superior information, and
easy access through their regulated U.S.
broker-dealers.
The innovative
OTCQX platform offers companies and their shareholders a level of
marketplace services formerly available only on a U.S.
exchange.
For more
about OTCQX, visit www.otcqx.com
About El Nino Ventures Inc.
El Nino Ventures Inc.
("ELNOF" and the "Company") (OTCQX: ELNOF; TSX.V: ELN)
trades in Canada on TSX Venture Exchange under the symbol "ELN" and in the
United States on OTCQX under the symbol "ELNOF".
El Nino Ventures is an
exploration company, focused on exploring for zinc (Zn), lead (Pb), silver
(Ag), and copper (Cu) in the Bathurst Mining Camp in New Brunswick, Canada.
The Company and Xstrata Zinc entered into a Tri-partite Option agreement
with Votorantim Metals Canada Inc.
(Votorantim) whereby Votorantim, by
incurring exploration expenditures of $10 million over a period of 5 years
can earn a 50% interest in the project.
Votorantim may further elect to
increase its interest to 70% by spending a further $10 million over an
additional two years.
In addition, the Company entered into a Participation Agreement with
Votorantim on the Murray Brook Massive Sulphide/Polymetallic deposit,
situated as well, within the Bathurst Mining Camp.
(See press release dated
January 20, 2011) The second phase of a $5 Million, 10,000 metre drilling
program is now underway with excellent assay results to date (see press
release August 30, 2011)
In the Democratic Republic of the Congo (DRC) the company is also planning
an aggressive exploration program for 2012 at their Kasala Copper/Cobalt
Project to develop what management feels is a potential world class copper
discovery in the worlds richest copper belt.
El Ninos management is aggressively seeking to acquire additional base and
precious metals projects on an international scale that meet our corporate
objectives and will add to its already extensive project portfolio.
On behalf, of the shareholders and Board of Directors of El Nino Ventures, I
would like thank you for your ongoing support.
"Harry Barr"
Harry Barr, Chairman and Acting CEO
For further information, please contact Investor Relations at Toll Free
1.800.667.1870
or by email at
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Note: this release contains forward-looking statements that involve risks
and uncertainties.
These statements may differ materially from actual
future events or results and are based on current expectations or beliefs.
For this purpose, statements of historical fact may be deemed to be
forward-looking statements.
In addition, forward-looking statements include
statements in which the Company uses words such as "continue", "efforts",
"expect", "believe", "anticipate", "confident", "intend", "strategy",
"plan", "will", "estimate", "project", "goal", "target", "prospects",
"optimistic" or similar expressions.
These statements by their nature
involve risks and uncertainties, and actual results may differ materially
depending on a variety of important factors, including, among others, the
Companys ability and continuation of efforts to timely and completely make
available adequate current public information, additional or different
regulatory and legal requirements and restrictions that may be imposed, and
other factors as may be discussed in the documents filed by the Company on
SEDAR ( www.sedar.com), including the most recent
reports that identify important risk factors that could cause actual results
to differ from those contained in the forward-looking statements.
The
Company does not undertake any obligation to review or confirm analysts
expectations or estimates or to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
Investors
should not place undue reliance on forward-looking statements.
This email should not be construed as an offer to buy or sell securities of
El Nio Ventures Inc.