- Erin Ventures ( OTCPK:ERVFF ) to complete a non-brokered private placement offering of up to 9M units at a price of $0.05 per unit for gross proceeds of up to $450,000.
- Each Unit is comprised of one common share and one warrant which will be exercisable into one common share. Each warrant will have a term of two years and will entitle the holder to purchase one warrant share at a price of $0.05 per share following the closing date.
- The net proceeds from this financing will be used to fund further development of its wholly owned Piskanja boron project in Serbia, and for working capital purposes.
For further details see:
Erin Ventures announces $450K private placement