News Releases
Flow-Through Private Placement Completed With MineralFields
Vancouver, January 9, 2007 - E-Energy Ventures Inc. (the "Company") is
pleased to announce that it has closed on December 29, 2006 the
non-brokered private placement previously announced on November 28, 2006.
The company issued 1,814,285 flow-through units at a price of 28 cents per
unit, for gross proceeds of $508,000. Each flow-through unit consists of
one flow-through common share and one-half of one transferable
non-flow-through share purchase warrant. Each whole share purchase warrant
entitles the holder to purchase one common share of the company for a term
of two years from the date of closing at a price of 50 cents per common
share in year 1 and 75 cents per common share in year 2.
The company also issued to Limited Market Dealer Inc. (LMD) 90,714 common
shares of the company as a finder's fee equal to 5 per cent of the total
number of flow-through units sold by LMD, and 181,428 agent's warrants
that are exercisable into common shares for a two-year period. The units
have the same terms as the flow-through units, except they are not
flow-through. The company also paid LMD a due diligence fee of $26,924.
All of the securities issued under the private placement are subject to a
four-month hold period expiring on April 30, 2007.
About MineralFields and Pathway
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. Pathway Asset Management also specializes in the manufacturing and
distribution of structured products and mutual funds. Information about
the MineralFields Group is available at
www.mineralfields.com.
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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