Fri Mar 14, 2008 Non Flow-Through Private Placement Announced, Flow-Through Private Placement Cancelled
Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (the "Company") announces that it will not be proceeding with its 2,000,000 flow-through unit private placement as previously announced.
The Company will be proceeding with a non-brokered private placement of up to 2,000,000 non flow-through units at a price of $0.25 per unit to raise gross proceeds of up to $500,000. Each non flow-through unit consists of one non 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 may pay a 7.5% finder's fee, payable in non flow-through units, in connection with part of this private placement offering.
The Company intends to utilize the proceeds of the private placement for its general working capital purposes.
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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