Erin Completes Private Placement
Victoria, British Columbia CANADA, January 24, 2012 /FSC/ - Erin Ventures Inc. (EV - TSX Venture),is pleased to announce that it has completed its recently announced proposed private placement. The Company raised a total of $955,500 by the sale of 9,555,000 units at
.10 per unit. Each Unit consists of one common share and one warrant; the warrants will have a term of two years and an exercise price of
.25 per share. Erin will pay finder's fees of up to 10%. The proceeds of this placement will be used to fund the company's operations and for working capital. The final closing of the placement is subject to Exchange approval.
In addition, Erin has granted 75,000 employee options with an exercise price of
.10 per share and a term of five years.
On behalf of the Board of Directors,
Blake Fallis, General Manager
For further information, please contact: Erin's Public Quotations:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
www.erinventures.com SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
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.
