Markets

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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More