Fri Feb 29, 2008 MPH Ventures announces Flow-Through Private Placement
Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (the "Company") announces that has arranged a non-brokered private placement of up to 1,000,000 flow-through units at a price of $0.25 per unit to raise gross proceeds of up to $250,000. Each flow-through unit consists of one flow-through common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one non flow-through common share for a period of two years at a price of $0.27 per share.
The Company will pay a 7.5% finder's fee, payable in non flow-through units, in connection with this private placement offering.
The Company intends to utilize the proceeds of this private placement for its continued exploration on its Pidgeon Molybdenum Deposit project in northwestern Ontario.
MPH Ventures Corp. is a gold, silver, and molybdenum exploration company focused on mineral development within Canada and Latin America.
ON BEHALF OF THE BOARD OF DIRECTORS
"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
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
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