MPH Ventures to Evaluate Potential Investments in Cuba, Non-Brokered Private Placement Announced
18 Fevereiro 2015 - 11:05AM
MPH Ventures Corp. (TSX-V: MPS)
(OTCBB: MPSFF) (Frankfurt: IJA2) ( the "Company") announces that,
with the recent shift in American policy towards Cuba, management
intends to evaluate potential investments in Cuba.
At this time, no transactions have concluded nor
is there any assurance that a suitable investment in a Cuban
project will be concluded in the future. Any transaction, if
concluded, will require regulatory approval.
MPH Ventures is also pleased to announce the
appointment of Mr. Gavin McMillan to a newly formed Advisory Board
to the Company.
Mr. McMillan has over 20 years of experience
developing innovative information and infrastructure solutions,
developing brand management, negotiating licenses, rights and
permits and developing the sales and marketing structure for
companies. Within the last 15 years, Mr. McMillan has been involved
in a number of market sectors. Projects have ranged from supporting
mineral exploration and developments worldwide to the identifying
and negotiating the rights to develop a Cuban based wireless
communications company. Most recently, Mr. McMillan has
been involved in developing and financing of several projects
through an innovative alternative investment fund. These projects
included the restructuring of an international telecommunications
venture, creating the structure and business plan for a national US
broadcast television-movie production company, and the creation of
a China based cruise and land based resort company.
Mr. McMillan has also led the development of
several patents within the technology and telecommunications
industry. Specializing in international business development, Mr.
McMillan has maintained offices and operations for ventures based
in North and Latin America, Cuba, Russia, Ukraine, and Europe.
MPH Ventures also announces a non-brokered
private placement of up to 10,000,000 units (the "Unit") at a price
of $0.05 per unit to raise proceeds of up to $500,000. Each
Unit consists of one common share and one non-transferable share
purchase warrant (the "Warrant"). Each Warrant will entitle the
holder to purchase one common share for a period of five years at a
price of $0.075 per share. The Company intends to utilize the
proceeds from this private placement for investment investigation
and for general working capital purposes.
A finder's fee of up to 7% cash and 7%
non-transferable warrants (the "Finder's Warrants") may be paid in
connection with part of this private placement. Each Finder's
Warrant will entitle the finder to purchase a common share at a
price of $0.075 per share for a period of five years from the
closing date of the private placement.
The private placement is subject to TSX Venture
Exchange acceptance.
About MPH Ventures Corp.:
MPH Ventures Corp. is a molybdenum and gold
exploration company focused on mineral development within
Canada.
For further information on MPH Ventures Corp.
(TSX-V: MPS) visit the Company's website at www.mphventurescorp.com
.
MPH VENTURES CORP.
"Jim Pettit"
______________________________
James G. Pettit
President
For further information contact myself or:
Don Myers
MPH Ventures Corp.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@mphventurescorp.com
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.
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC,
Canada, V7Y 1K4
www.mphventurescorp.com
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
HUG#1895232
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