VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 24, 2015) - MPH Ventures Corp. (TSX VENTURE:MPS)(OTC GREY:MPSFF)(FRANKFURT:IJA2) (the "Company") announces a second appointment to the Company's newly formed Cuban Investment Advisory Board. With the most significant shift in American policy towards Cuba in over fifty years, MPH Ventures intends to evaluate potential investments in Cuba.
Mr. Marshall also found time to concentrate on his philanthropic initiatives including refitting of the Pinar del Rio General hospital with over $800,000 in second hand medical equipment and importing containers of children's toys for the pediatric cancer unit at the Havana William Soler Hospital in Cuba.
At this time, MPH Ventures has not concluded any transactions in Cuba nor is there any assurance that a suitable investment in a Cuban project will be concluded in the future. Any transaction, which may include a change in business, will require regulatory approval.
On February 18th, MPH Ventures announced a non-brokered private placement of up to 10,000,000 units (the "Unit") at a price of $0.05 per unit to raise proceeds of up to $500,000. Each Unit consists of one common share and one non-transferable share purchase warrant (the "Warrant"). Each Warrant will entitle the holder to purchase one common share for a period of five years at a price of $0.075 per share. The Company intends to utilize the proceeds from this private placement for investment investigation and for general working capital purposes.
A finder's fee of up to 7% cash and 7% non-transferable warrants (the "Finder's Warrants") may be paid in connection with part of this private placement. Each Finder's Warrant will entitle the finder to purchase a common share at a price of $0.075 per share for a period of five years from the closing date of the private placement.
The private placement is subject to TSX Venture Exchange acceptance.
About MPH Ventures Corp.:
MPH Ventures Corp. currently has 14.1 million shares issued and outstanding.
For further information on MPH Ventures Corp. (TSX-V: MPS) visit the Company's website at www.mphventurescorp.com.
MPH VENTURES CORP.
James G. Pettit
President
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This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.