El Nino Ventures Inc. Joins OTCQX — “ELNOF”
Sep 16, 2011
OTC Disclosure News Service
Vancouver, BC, Canada –
Vancouver, B.C. — September 16, 2011 — OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world’s 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 market’s 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 ELN’s 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.“
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 world’s richest copper belt.
El Nino’s 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, Chairman and Acting CEO
For further information:
Corporate: Jay Oness — email@example.com
Investor Relations: Toll free 1.800.667.1870
2303 West 41st Avenue, Vancouve, B.C. V6M 2A3
TSX Venture Exchange or 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 Company’s 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.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.