El Nino Ventures Closes Second and Final Tranche of Non-Brokered Private Placement
El Nino Ventures Inc. (ELN.V) has closed the second and final tranche of its non-brokered flow-through and non flow-through private placement for gross proceeds of $303,000. The company issued 2,866,667 non flow-through units at a price of $0.09 per NFT Unit.
The proceeds of this private placement will be used to fund the 2012 exploration budget at the Murray Brook Polymetallic project in Bathurst, New Brunswick and general working capital.
ELN has dropped nearly 8% to 6 cents, almost hitting year low 5 cents.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
Latest Markets Videos
- The $12 Trillion "Once-in-a-Lifetime" Market Opportunity Investors Won't Want to Miss
- J.P. Morgan Says These 3 Stocks Could Surge Over 100% From Current Levels
- Forget Tesla's Battery Day, These EV Stories Are More Important
- ChargePoint, Switchback Energy Acquisition Enter Business Combination Agreement