MPH Ventures Corp

Published : March 21st, 2016

March 10, 2016MPH Ventures Update to Proposed Change of Business and Closing of $608,200 Financing

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Keywords :   9/11 | Cuba | Growth | Lead | Technology |

March 10, 2016MPH Ventures Update to Proposed Change of Business and Closing of $608,200 Financing

MPH Ventures Update to Proposed Change of Business and Closing of $608,200 Financing

March 10, 2016

Vancouver, BC - MPH Ventures Corp. (TSX-V: MPS) (OTCBB: MPSFF) (Frankfurt: IJA2) (the 'Company') is pleased to report that the Company continues to take active steps towards completing the previously announced (see news release February 2nd) proposed Change of Business ('COB') which, subject to regulatory acceptance, will see the Company transition from a Resource Issuer to a Technology Issuer.

MPH Ventures new business will commence through the acquisition of the remaining 80% interest in Travelucion S.L. ('Travelucion'). Travelucion operates as a cash flow positive online travel and digital marketing company that specializes in travel marketing, electronic reservations and online booking solutions for international visitors to Cuba.

The Company's common shares are currently halted and the Company anticipates they will remain halted until the documentation required by the TSX Venture Exchange ('Exchange') for the proposed COB is accepted by the Exchange. The Company is in the process of making the necessary filings with the Exchange in accordance with Exchange policies that will lead to the reinstatement of trading of the Company's shares and conditional approval of the COB transaction.

MPH Ventures board of directors has also approved a name change to Cuba Ventures Corp. to better reflect the Company's new business direction and expects to resume trading under the symbol 'CUV' on the TSX Venture Exchange.

MPH Ventures also announces, further to its news releases of February 2nd, the Company has closed its non-brokered private placement financing and has raised a total of $608,200 by the issuance of 12,164,000 Units (the 'Units') at a deemed price of $0.05 per Unit. Each Unit consists of one common share and one half non-transferrable share purchase warrant (the 'Warrant'). Each whole Warrant entitles the holder to purchase one additional common share at a price of $0.075 per share for a period of two years expiring March 10, 2018. Shares issued in connection with this private placement including any shares issued as a result of the exercise of any Warrants will be subject to a four month hold period expiring July 11, 2016. Finder's fees of $26,299 in cash and 262,990 Warrants were paid in connection with this financing. The Finder Warrants are subject to the same terms and conditions as the private placement Unit Warrants.

The proceeds of the private placement will be used for growth opportunities and corporate developments with Travelucion, as well as for general working capital purposes.

The private placement is subject to final TSX Venture Exchange acceptance.

About MPH Ventures Corp.:

MPH Ventures has acquired a 20% interest in Travelucion S.L., an online travel digital media company and has given notice of its intention to acquire the remaining 80% interest, subject to TSX Venture Exchange approval. Travelucion is a cash-flow positive online travel digital media company that specializes in travel marketing, electronic reservations and online booking solutions for international visitors to Cuba. Travelucion owns one of the most significant portfolios of Cuban focused web assets, through 432 sites, which collectively generate over 30 million page-views per year and direct traffic to the main Travelucion booking site.

For further information on MPH Ventures Corp. (TSX-V: MPS) visit the Company's website atwww.mphventurescorp.com.

MPH Ventures Corp. has approx. 45.4 million shares issued and outstanding.

MPH VENTURES CORP.

'Jim Pettit'
______________________________
JAMES G. PETTIT
President & CEO

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: [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.


CAUTIONARY STATEMENT

Completion of the transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has not approved nor disapproved of the contents of this press release.

READER ADVISORY

Statements in this press release may contain forward-looking information including, statements regarding the contemplated COB and private placement. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of MPH Ventures. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, market or business conditions. The reader is cautioned not to place undue reliance on any forward-looking information. There can be no assurance that the proposed change of business or private placement will be completed or, if completed, will be successful. Please see the public filings of the Company at www.sedar.com for further information.

Back to the News page

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Cuba | All
Gold and Silver Prices for these countries : Cuba | All

MPH Ventures Corp

EXPLORATION STAGE
CODE : MPS.V
ISIN : CA6247331011
CUSIP : 624733 10 1
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MPH Ventures is a silver and gold exploration company based in Canada.

Its main exploration properties are QUARTZ PROPERTY, BIG MAC PROPERTY, HEYSON, PIDGEON MOLYBDENUM DEPOSIT and RANEY TOWNSHIP in Canada.

MPH Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.2 millions as of today (US$ 1.7 millions, € 1.5 millions).

Its stock quote reached its highest recent level on November 10, 2006 at CA$ 5.30, and its lowest recent point on August 14, 2015 at CA$ 0.04.

MPH Ventures has 33 310 002 shares outstanding.

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Annual reports of MPH Ventures Corp
2008 annual Report
Annual Report 2007
Financings of MPH Ventures Corp
3/27/2015Cancels Private Placement
9/23/2009Arranges Private Placement
2/12/2009Private Placement Announced
Nominations of MPH Ventures Corp
2/24/2015Appoints Steve Marshall to Cuban Investment Advisory Board
8/27/2013Adopts An Advance Notice Policy for Election of Directors
Project news of MPH Ventures Corp
8/15/2013issues shares to Acquire the North Albany Graphite Property ...
8/1/2013(TSX-V: MPS) MPH Ventures Acquires Graphite Property Adjacen...
2/9/2011Options Gould Gold Property to Prodigy Gold Inc. in Ontario
10/21/2009(Raney Township)Diamond Drilling Underway at Raney Gold Project, Timmins, NE...
9/22/2009(Raney Township)Drilling Plans for Raney Gold Project, Timmins, NE Ontario
8/31/2009Updated NI 43-101 Resource Calculation to be Completed on Mo...
7/20/2009(Raney Township)6.5 g/t Au over 8.0 metres on Raney Gold Project, NE Ontario
7/22/2008(Pidgeon Molybdenum Deposit)Phase 2 Drilling Continues to Significantly Expand Molybdenu...
6/2/2008(Pidgeon Molybdenum Deposit)' Phase 2 Drilling Commences on Pidgeon Molybdenum Deposit i...
2/28/2008(Pidgeon Molybdenum Deposit)1st Phase Drilling Completed at High-Grade Pidgeon Molybdenu...
2/7/2008(Pidgeon Molybdenum Deposit)Drilling Continues to Intercept High-Grade Mo at Pidgeon Mol...
1/21/2008(Pidgeon Molybdenum Deposit)Significant Drill Results on Molybdenum Deposit in NW Ontari...
1/9/2008(Pidgeon Molybdenum Deposit)Drilling Resumes on Pidgeon Molybdenum Deposit Project, NW O...
12/27/2007(Pidgeon Molybdenum Deposit)2007 Drilling Completed on Pidgeon Molybdenum Deposit Projec...
Corporate news of MPH Ventures Corp
6/23/2016May 31, 2016Cuba Ventures’ Announces Partnership with Mercos...
6/8/2016May 9, 2016Cuba Ventures’ Steve Marshall Invited to be on Ke...
6/7/2016Video-PowerPoint Presentation for Cuba Ventures Corp.
5/9/2016April 29, 2016Cuba Ventures Written Up in the Financial Post...
4/29/2016April 8, 2016Cuba Ventures Grants Incentive Stock Options
4/8/2016March 31, 2016Cuba Ventures Adding Over 4,000 Cuban Private ...
3/31/2016March 29, 2016Cuba Ventures Discusses Significance of U.S. P...
3/29/2016March 22, 2016Cuba Ventures Appoints Two New Advisors to Cub...
3/22/2016March 21, 2016Cuba Ventures Completes COB and Acquires 100% ...
3/21/2016March 18, 2016MPH Ventures Completes Acquisition of Traveluc...
3/21/2016March 10, 2016MPH Ventures Update to Proposed Change of Busi...
2/2/2016MPH Ventures to Change Name to Cuba Ventures Corp., Announce...
2/1/2016IIROC Trading Halt - MPS
1/13/2016MPH Ventures Reviews 2015 Highlights and Corporate Plans for...
12/18/2015MPH Ventures' Travelucion Signs Exclusive Contract to Market...
12/18/2015MPH Ventures’ Travelucion Signs Exclusive Contract to Market...
12/3/2015Video-Corporate Presentation for MPH Ventures Corp.
11/3/2015Video-Corporate Presentation for MPH Ventures Corp.
10/20/2015MPH Ventures Completes Acquisition of 20% Interest in Travel...
10/5/2015MPH Ventures Closes First Tranche of Non-Brokered Private Pl...
10/2/2015Video-Corporate Presentation for MPH Ventures Corp.
9/30/2015MPH Ventures Increases Non-Brokered Private Placement to $90...
9/21/2015MPH Ventures Increases Non-Brokered Private Placement to $80...
9/16/2015Video-Corporate Presentation for MPH Ventures Corp.
9/16/2015MPH Ventures' Travelucion Acquires Equity in Havana Based Tr...
8/6/2015Video-Travelucion Web Properties for MPH Ventures Corp.
7/8/2015MPH Ventures Signs Definitive Agreement to Acquire Interest ...
3/27/2015MPH Ventures Cancels Private Placement
2/24/2015MPH Ventures to Evaluate Potential Investments in Cuba, Non-...
2/24/2015MPH Ventures Appoints Steve Marshall to Cuban Investment Adv...
2/24/2015MPH Ventures Appoints Steve Marshall to Cuban Investment Adv...
2/18/2015MPH Ventures to Evaluate Potential Investments in Cuba, Non-...
2/18/2015MPH Ventures to Evaluate Potential Investments in Cuba, Non-...
2/18/2015MPH Ventures to Evaluate Potential Investments in Cuba, Non-...
12/22/2014MPH Ventures Grants Incentive Stock Options
12/22/2014MPH Ventures Grants Incentive Stock Options
10/24/2014Annual General Meeting Held -- Directors Re-elected
10/24/2014MPH Ventures Corp.: Annual General Meeting Held-Directors Re...
8/7/2014MPH Ventures Closes Private Placement
6/23/2014MPH Ventures Announces New Private Placement
5/8/2014MPH Ventures to Consolidate Shares 1 for 10, Private Placeme...
5/8/2014MPH Ventures Corp. : MPH Ventures to Consolidate Shares 1 fo...
7/31/2013Acquires the North Albany Graphite Property Adjacent to Zeny...
4/18/2013Completes Sale of Gould Property to Prodigy Gold Inc.
9/13/2012Files Updated NI 43-101 Resource Estimate on Pidgeon Molybde...
3/10/2011Announces Share Purchase Warrants Extended
2/23/2011Announces Share Purchase Warrants to Be Extended
10/29/2009Video Interview with President Jim Pettit
6/24/2009Exploration Update on Northeastern Ontario Gold Projects
6/11/2009Structure Extended with Reporting of Latest Assays on Raney ...
6/6/2009Based on Preliminary Drilling MPH Expands the Raney Gold Pro...
12/12/2008Additional 11% in Red Lake Gold Property Acquired, NW Ontari...
9/29/200823 Metres of .38% Mo & 29 Metres of .18% Mo Drilled @ Surfac...
6/19/2008Significantly Extends Length of Pidgeon Molybdenum Deposit i...
4/28/2008Phase 2 Drilling to Begin on Pidgeon Molybdenum Deposit in N...
3/26/2008Significant Strike Extensions at Pidgeon Molybdenum Deposit ...
11/27/2007Confirmation Drilling Begins on Moly Deposit, NW Ontario
11/21/2007Expands Pidgeon Molybdenum Deposit, NW Ontario
11/7/2007Purchase from BHP Billiton and Goldcorp of Pidgeon Molybdenu...
11/2/2007KTTM Geophysics to Conduct Survey on M-10 Concession, Ecuado...
11/1/2007Purchase of Pidgeon Molydenum Mines Shares from Rio Algom & ...
10/18/2007Offer Made to Remaining Minority Shareholders of Pidgeon Mol...
10/17/2007Rio Algom and Goldcorp Agreement to Acquire Pidgeon Molybden...
9/7/2007President Comments on Moly Deposit Acqusition From BHP & Gol...
8/29/2007Acquires Molybdenum Deposit from Rio Algom and Goldcorp
7/11/2007s Ongoing Exploration in Ecuador
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