EARLY WARNING NEWS RELEASE PURSUANT TO SECTION 102.1 OF THE SECURITIES ACT (ONTARIO) AND NATIONAL INSTRUMENT 62-103/104
VANCOUVER, April 4, 2012 /CNW/ - El Nino Ventures Inc. ("ELN" or the "Company") announces that Harry Barr, a director and officer of the Company, of Vancouver, British Columbia, acquired ownership and control of 537,948 shares and 268,975 warrants of ELN pursuant to the Company's non-brokered private placement of units at $0.13/unit (non-flow through) and $0.15/unit (flow through) announced in the Company's news release dated, November 21, 2011 (the "Private Placement"). Prior to the Private Placement, Mr. Barr held, directly and indirectly, an aggregate of 2,810,228 common shares of ELN.
Mr. Barr also reports that as a director of Pacific North West Capital Corp. ("PFN"), he exercises control over the voting of 3,319,887 common shares of ELN that are held by PFN.
There are currently approximately 57,688,037 common shares of ELN issued and outstanding after completion of the second tranche of the previously announced Private Placement. As a result of Mr. Barr's personal holdings and those of PFN's, Mr. Barr has ownership of, and/or control and direction over, an aggregate (both directly and indirectly) of 6,668,063 common shares of ELN on an undiluted basis, representing 11.56% of the issued and outstanding shares of the Company, and 9,525,505 shares on a fully diluted basis, representing 12.38% of the 76,919,125 fully diluted shares in the Company.
The common shares of the Company were acquired for investment purposes and Mr. Barr may purchase additional securities of the Company, either jointly or individually, in the future for investment purposes.
A copy of the Early Warning Report filed under applicable Canadian provincial securities legislation in connection with Mr. Barr's shareholdings in ELN may be found at www.sedar.com under ELN's profile.
On behalf of the Board of Directors,
El Nino Ventures Inc.
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. Cautionary Note Regarding Forward Looking Statements. 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.
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