Letter of Interest for Purchase of Colemanite
June 26, 2012
Erin Ventures Inc. [TSX-Venture: EV] announced that it has
received a 'Letter of Interest' from a potential strategic
partner, wherein they have expressed their interest in
entering into a purchase contract with Erin for colemanite
from the Piskanja property in Serbia, subject to Erin's
ability to supply a competitive product (i.e. sufficient
quantity, quality and pricing point). The prospective
partner is a leading consumer of colemanite, with assets in
North America, Europe and Asia.
Due to the sensitive nature of the boron industry, the
parties have entered into a mutual non-disclosure
agreement. Consequently, further information regarding this
potential transaction will be available only with consent
of both parties.
Erin believes that its best course to effectively penetrate
the market and maximize returns is to secure multiple
strategic partners who are well established in various
facets of the boron industry. As a result, Erin is engaged
in a due diligence process with several potential partners
that have the ability to provide needed capital, technical
expertise (general mining and boron-specific),
boron-specific marketing expertise, boron-specific
value-added expertise, as well as substantial end-users of
boron and boron derivatives who are looking to secure long
term supply arrangements.
On behalf of the Board of Directors,
Blake Fallis, General Manager
For further information, please contact:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
Erin's Public Quotations:
TSX Venture: EV
SEC 12G3-2(B) #82-4432
Berlin Stock Exchange: EKV
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release
Forward Looking Statements
This release contains forward looking statements. The
words "believe," "expect,"
"feel," "plan," "anticipate,"
"project," "could," "should"
and other similar expressions generally identify
forward-looking statements. Readers are cautioned not to
place undue reliance on these forward-looking statements.
These forward-looking statements are subject to a number of
risks and uncertainties including, without limitation,
variations in estimated costs, the failure to discover or
recover economic grades of minerals, and the inability to
raise the funds necessary, changes in external market
factors including commodity prices, and other risks and
uncertainties. Actual results could differ materially from
the results referred to in the forward-looking