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Market: TSX
Sector: General Mining
Epic: ELN
News: Latest news
Web Site: El Niño Ventures
Other Articles: 06-08-200905-05-200917-02-2009

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Saturday March 13, 09:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 01:39Circadian Technologies to present at Ultimate Healthcare & Biotechnology Event, March 24

Robert Klupacs, CEO of Circadian Technologies, recommended by US Investment Bank Merriman Curhan Ford, as "the Cheapest Little Antibody Company on the Planet" will present in Sydney.

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Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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El Niño Ventures

El Niño Ventures

El Nino Ventures Inc. is a junior exploration company focusing its efforts on copper exploration in the Democratic Republic of Congo and base metals exploration in the Bathurst Mining Camp in Bathurst, New Brunswick and Ireland. The Company is engaged in the acquisition, exploration and development of mineral properties.

Tuesday, May 05, 2009

El Nino Ventures raises CDN$2.25 mln for Kasala copper project, names Mayer CFO

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El Nino Ventures Inc (TSX.V: ELN) said it is raising up to CDN$2,25 million in a non-brokered private placement of up to 22.5 million units at a price of CDN$0.10 each to finance the company's 2009 exploration program for the Kasala copper project in the Democratic Republic of Congo and provide working capital.

Each unit will consist of one common share and one share purchase warrant which entitles the holder to purchase one common share at CDN $0.25 for 18 months.

El Nino has outlined its exploration program which will test the Kasala East Zone which has significant drill potential over 2.5 kilometers. In 2008, significant results were released for the Main Zone and the geophysics signature on the East Zone has the same footprint throughout with a very intense zone to the south. The Program calls for up to 5,000 meters of diamond drilling on this Zone.

The company also intends to do exploration reverse circulation drilling on its research permit 9316 just north of Lubumbashi where several active and old artisanal workings are located. This permit is located in between three world class operating mines, Ruashi, Etoile and Luswishi.

El Nino also announced the promotion of Tony Mayer from controller to chief financial officer.

President and CEO Jean Luc Roy said: "This financing will give the company the funds required to move the Kasala project forward. This project has great potential and the planned drill program will allow a full initial assessment. Much work has been done in compiling and analyzing the data from our 2008 exploration program resulting in the identification of several first class drill targets following the geological model we have put together for this project.

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