MPH Ventures Corp. Closes Private Placement
07.08.2014 | Marketwire
VANCOUVER, BC -- (Marketwired - Aug 7, 2014) - MPH Ventures Corp. (TSX VENTURE:MPS) (OTC GREY:MPSFF) (FRANKFURT:IJA1) (the "Company") is pleased to announce the completion of the non-brokered private placement announced June 23, 2014 and as a result has issued 6,010,000 units (the "Units") at a deemed price of $0.05 per Unit. Each Unit consists of one common share and one non-transferrable share purchase warrant (the "Warrant"). Each Warrant entitles the holder to purchase one additional common share at a price of $0.07 per share for a period of two years expiring July 31, 2016. Shares issued in connection with this private placement including any shares issued as a result of the exercise of any Warrants will be subject to a four month hold period expiring December 1, 2014. Aggregate finder's fees of $9,047.50 cash and 180,950 agents warrants ("Agent Warrant") has been paid in connection with this offering. The Agent Warrant is subject to the same terms and conditions as the subscriber Warrant.The proceeds from this private placement will be utilized for new property investigation and for general working capital purposes.
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.
Contact
MPH Ventures Corp.
James G. Pettit, President
604-687-3376 or Toll Free: 800-567-8181
MPH Ventures Corp.
Don Myers, Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119
info@mphventurescorp.com
www.mphventurescorp.com