Wed Mar 25, 2009 MPH Ventures Closes Private Placement
Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the "Company") announced that it has issued a total of 6,050,000 units pursuant to private placement originally announced February 12 and February 17, 2009.
A total of 6,050,000 units were issued at a purchase price of $0.05 per unit. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one common share up to March 20, 2011 at an exercise price of $0.10 per share.
The common shares and warrants issued under the private placement, and any common shares issued pursuant to the exercise of the warrants are subject to a four month hold period under applicable securities laws and imposed by the TSX Venture Exchange expiring July 21, 2009.
The Company issued 60,000 units and paid the sum of $4,687.50 as a finder's fee in connection with the private placement. The 60,000 finder's units have the same terms and conditions as the units issued under the private placement described in the foregoing.
MPH Ventures Corp. is a gold and molybdenum 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.
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