Mon Jun 16, 2008 Non Flow-Through Private Placement Announced
Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the "Company") announces it has arranged a non-brokered private placement of up to 5,000,000 units at a price of $0.20 per unit to raise gross proceeds of up to $1,000,000. Each unit consists of one common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one common share for a period of two years at a price of $0.22 per share.
The Company may pay up to a 7.5% finder's fee, payable in cash or units, in connection with part of this private placement offering.
The Company intends to utilize the proceeds of this private placement for general working capital and for its drill program currently being carried out on its Pidgeon Molybdenum Deposit project located in northwestern Ontario.
The private placement is subject to the acceptance of the TSX Venture Exchange.
MPH Ventures Corp. is a molybdenum and precious metal exploration company focused on mineral development within Canada.
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 AND FRANKFURT EXCHANGE HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
You can view the Next News Releases item: Thu Jun 19, 2008, MPH Ventures Significantly Extends Length of Pidgeon Molybdenum Deposit in NW Ontario
You can view the Previous News Releases item: Mon Jun 2, 2008, Phase 2 Drilling Commences on Pidgeon Molybdenum Deposit in NW Ontario
You can return to the main News Releases page, or press the Back button on your browser.
