VANCOUVER,
Sept. 16, 2011 /PRNewswire/ - 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."
About OTCQX
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 portfolio.
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.