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News Releases
November 28, 2006
Private Placements with MineralFields Group
E-Energy Ventures Inc. (the "Company") is pleased to announce that it has
entered into a non-brokered private placement for the sale of 3,600,000
flow-through units ("FT" Units) at a price of $0.28 per unit for a total of
$1,008,000 to the MineralFields Group. Each flow-through unit will consist of
one common share and one-half of one transferable non-flow-through share
purchase warrant. Each whole warrant entitles the holder to purchase an
additional common share for a period of two years from the closing date at a
price of $0.50 in year 1 and $0.75 in year 2. The funds shall be used for the
Company's exploration programs. The maximum allowable finder's fee shall be
payable.
"We are very pleased to be entering into this relationship with MineralFields
Group", said Simon Tam, the Company's President and CEO. "This is an important
milestone in the growth of E-Energy Ventures Inc. and we look forward to
working with MineralFields Group as we develop our holdings in the Ontario
regions."
About MineralFields
MineralFields Group (a division of Pathway Asset Management) is a Toronto-based
mining fund with significant assents under administration that offers its
tax-advantaged super flow-through limited partnerships to investors throughout
Canada during most of the calendar year, as well as hard-dollar resource
limited partnerships to investors throughout the world. Information about the
MineralFields Groups is available at www.mineralfields.com
About E-Energy Ventures Inc.
E-Energy is a Canadian mineral exploration company that identifies and acquires
exploration projects in Canada. E-Energy is focused in the discovery of base
and precious metals.
On behalf of the Board of Directors
Simon Tam
Director
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED
OF THE CONTENTS HEREIN.
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