VANCOUVER, Sept. 16, 2011 /CNW/ - 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®.
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
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 & Acting CEO
Neither the TSX Venture Exchange nor 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.
SOURCE El Nino Ventures Inc.
For further information:
Corporate: Jay Oness -- email@example.com
Investor Relations: Toll free 1.800.667.1870
2303 West 41st Avenue, Vancouver, B.C. V6M 2A3