MPH Ventures Announces New Private Placement
23 Juni 2014 - 11:14PM
Marketwired
MPH Ventures Announces New Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 23, 2014) - MPH
Ventures Corp. (TSX-VENTURE:MPS)(OTC GREY:MPSFF)(FRANKFURT:IJA1)
announces that the Company will not be proceeding with the
non-brokered private placement of 12,000,000 units at a price of
$0.05 per unit with non-transferrable share purchase warrants
exercisable at $0.10 announced on May 8, 2014.
The Company announces it has arranged a non-brokered private
placement of up to 10,000,000 units (the "Unit") at a price of
$0.05 per unit to raise proceeds of up to $500,000. Each Unit
consists of one common share and one non-transferable share
purchase warrant (the "Warrant"). Each Warrant will entitle the
holder to purchase one common share for a period of two years at a
price of $0.07 per share. The Company intends to utilize the
proceeds from this private placement for further property
investigation and for general working capital purposes.
A finder's fee of up to 7% cash and 7% non-transferable warrants
(the "Finder's Warrants") may be paid in connection with part of
this private placement. Each Finder's Warrant will entitle the
finder to purchase a common share at a price of $0.07 per share for
a period of two years from the closing date of the private
placement.
The private placement is subject to TSX Venture Exchange
acceptance.
About MPH Ventures Corp.:
MPH Ventures Corp. is a molybdenum, graphite and gold
exploration company focused on mineral development within
Canada.
For further information on MPH Ventures Corp. (TSX-VENTURE:MPS)
visit the Company's web site at www.mphventurescorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit, President
NEITHER THE
TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS
NEWS RELEASE.
This release includes certain statements that may be deemed to
be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that management of the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further information.
MPH Ventures Corp.James G. PettitPresident604-687-3376 or Toll
Free: 800-567-8181MPH Ventures Corp.Don MyersDirector604-687-3376
or Toll Free:
800-567-8181604-687-3119info@mphventurescorp.comwww.mphventurescorp.com
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