ELN entered into an Option Agreement with MMG Ltd. to acquire 100% of ELN's 70% interest in Infinity Resources Sprl, the joint venture company that owns the Kasala permits. USD$6,000,000.00; consisting of an initial payment of $250,000 on the Satisfaction Date; Three annual payments of $916,666.00 for a total of USD$3,000,000 and additional USD$3,000,000.00 to exercise the option to acquire a 100% of ELN's 70% interest [...]
GCP must pay costs to El Nino Ventures in the amount of CDN$ 431,532 A declaration was made that George Kavvadias and Global Consulting Group Ltd. (GCP) have no right to participate in the activities of Infinity Resources SPRL (70% owned by ELN) beyond rights of as a minor shareholder. GCPmust return all assets of Infinity Resources to the control of El Nino Ventures on behalf of Infinity Resources Sprl, including all [...]
-Drilling currently underway with one rig in the Bathurst Mining Camp -Prospective DIAGNOS CARDS, geophysical and stratigraphic targets continue to be drill tested February 25, 2014, Vancouver, BC; El Nino Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; OTC Pink: ELNOF; Frankfurt: E7Q) is pleased to provide an update on the exploration program for the Bathurst Option Joint Venture Project (BOJV) with Votorantim [...]
VANCOUVER, Jan. 6, 2014 /CNW/ - El Nino Ventures Inc. ("ELN" and the "Company") (TSXV: ELN) (OTCPINK: ELNOF) (Frankfurt: E7Q) is pleased to announce that the Company has been successful in winning its arbitration proceedings against both George Kavvadias and Global Consulting Group Ltd. ("GCP"), a company controlled by George Kavvadias. The arbitrator has overwhelmingly found El Nino's claims to be valid and in making his [...]
VANCOUVER, Oct. 4, 2013 /CNW/ - El Niño Ventures Inc. ("ELN" and the "Company") (TSXV: ELN) (Frankfurt: E7Q) (OTCQX: ELNOF) announces that, further to its August 26, 2013 and September 12, 2013 news releases, it has completed its final tranche of a non-brokered flow-through and non flow-through private placement of 13,150,000 units for proceeds of $263,000. In aggregate, the private placement has been subscribed for a combined 15,850,000 units for gross proceeds of $317,000. Each non flow-through unit ("NFT Unit") consists of one common share and one-half of one non-transferable share purchase warrant ("Warrant") at a price of $0.02 pe... [...]
El Nino Ventures is pleased to announce the SEDAR filing of the NI 43-101 Preliminary Economic Assessment for the Murray Brook polymetallic massive sulfide deposit. The results of the PEA demonstrate the potential technical and economic viability of establishing a new mine and mill complex on the Murray Brook property. The projected cash flows indicate an after-tax NPV at a 5% discount rate of $96.4 million, an IRR of [...]
El Nino is pleased to announce the results of an NI 43-101 Preliminary Economic Assessment for the Murray Brook polymetallic massive sulfide deposit, New Brunswick. The results of the PEA demonstrate the potential technical and economic viability of establishing a new mine and mill complex on the Murray Brook property. The projected cash flows indicate an after-tax NPV at a 5% discount rate of $96.4 million, an IRR of [...]
Additional metallurgical testwork designed to optimize copper recoveries has been completed on the Murray Brook polymetallic massive sulfide deposit.Metallurgical test work results will be incorporated as an integral part of a planned Preliminary Economic Assessment slated for completion in H1 2013.The Preliminary Economic Assessment will include an amended 43-101 compliant resource estimate which incorporates additional [...]
VANCOUVER, Feb. 26, 2013 /CNW/ - El Niño Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN) (Frankfurt: E7Q) (OTCQX: ELNOF) is pleased to announce a non-brokered flow-through and non flow-through private placement of up to a combined 33,333,333 units for gross proceeds up to $2,000,000.Each non flow-through unit ("NFT Unit") at a price of $0.06 per NFT Unit will consist of one common share and one-half of one [...]
VANCOUVER, Jan. 16, 2013 /CNW/ - El Nino Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; OTCQX: ELNOF Frankfurt: E7Q) is pleased to announce the results from Phase 1 metallurgical testwork commissioned by its partner, Votorantim Metals Canada Inc. (Votorantim), on samples from the Murray Brook polymetallic deposit, located in the Bathurst Mining Camp, New Brunswick. The purpose of the testwork was to investigate [...]
TSX.V: ELN FSE: E7Q.N OTCQX: ELNOFVANCOUVER, Dec. 31, 2012 /CNW/ - El Niño Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; Frankfurt: E7Q.N; OTCQX: ELNOF) is pleased to announce that it 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 (NFT Units) at a price of $0.09 [...]
VANCOUVER, Dec. 20, 2012 /CNW/ - El Nino Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; OTCQX: ELNOF Frankfurt: E7QN) announces that the Company will re-file its interim financial statements and management discussion and analysis ("MD&A") for the interim periods ended April 30, 2012 and July 31, 2012 as a result of a change in the Company's accounting policy related to its exploration and evaluation properties.The [...]
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