Tue Oct 13, 2009 MPH Ventures Private Placement Increased
Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the "Company") announces further to its news releases dated September 23 and September 30, 2009, it has increased its non-brokered private placement to up to 12,000,000 units at a price of $0.06 per unit to raise gross proceeds of up to $720,000. 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 $0.10 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.
MPH Ventures intends to utilize the proceeds of this private placement for the continuing development of its gold properties in the West Timmins region of northeastern Ontario and for general working capital purposes.
The above transaction is subject to the acceptance of the TSX Venture Exchange.
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
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 news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com .
You can view the Next News Releases item: Tue Oct 20, 2009, Diamond Drilling Underway at Raney Gold Project, Timmins, NE Ontario
You can view the Previous News Releases item: Wed Sep 30, 2009, MPH Ventures Private Placement increased to 10 million Units
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