MPH Ventures Corp

Published : October 20th, 2015

MPH Ventures Completes Acquisition of 20% Interest in Travelucion, Closes Final Tranche of Non-Brokered Private Placement

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Cuba | Facebook | Growth | Market |

MPH Ventures Completes Acquisition of 20% Interest in Travelucion, Closes Final Tranche of Non-Brokered Private Placement

Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (OTCBB: MPSFF) (Frankfurt: IJA2) (the 'Company') is pleased to announce, further to its news releases of July 8th & August 14th, the Company has completed the acquisition of a 20% interest in Travelucion S.L. by the issuance of 4,000,000 shares of MPH Ventures at a deemed price of $0.05 per share and the payment of CAD $100,000 to the selling shareholder of Travelucion S.L.

On July 8th, MPH Ventures signed a Definitive Agreement with the shareholder of Travelucion S.L. pursuant to which the Company shall acquire a 20% interest in Travelucion S.L. in exchange for 4,000,000 shares of MPH Ventures and CAD $100,000 in cash with an option, for a period of eight months, to acquire the remaining 80% interest by the issuance of a further 16,000,000 shares. The Definitive Agreement is subject to TSX Venture Exchange approval.

Travelucion is a cash-flow positive online travel digital media company that specializes in travel marketing, electronic reservation and online booking solutions for international visitors to Cuba. It owns one of the most significant portfolios of Cuba focused web properties and domains that have been promoting Cuba and offering online travel services to the Caribbean nation since 1995. Recently, Travelucion's revenues have been increasing in the wake of the notable shift in American policy towards Cuba as diplomatic relations between the two nations normalize and with travel restrictions on Americans visiting Cuba expected to gradually relax. Online booking is one of the fastest growing sectors in the travel industry and Travelucion is poised to take advantage of this rapid growth.

Travelucion owns 100% of 432 web assets popularizing Cuban Culture, Music, Celebrities, over sixty major tourist destinations, Golf, Banking and Commerce which collectively generate over 30 million page-views per year. Through legacy agreements with Cuba's largest travel companies, Travelucion's emblematic e-commerce brands like Havanatur.com, Cuba VIP and GoCuba provide the company with access to a broader and more diverse portfolio of national travel and tourism packages in Cuba than any other travel provider. Travelucion is also uniquely established to handle the travel requirements of qualified U.S. travelers to Cuba. This allows permitted U.S. travelers, in addition to non-U.S. travelers, the ability to indulge in high end hotel and spa accommodations or create uniquely Cuban travel packages with exclusive private home rentals, exotic/antique car services and access to a multitude of guided or self-discovery tours across Cuba. Travelucion has also developed a strong social media platform of passionate Cuba social media followers across Facebook, Twitter, Pinterest and Instagram.

MPH Ventures and Travelucion will continue to expand the existing travel and Cuba focused marketing initiatives in numerous sectors with a specific spotlight on the emerging U.S.-Cuba travel market.

MPH Ventures also announces, further to its news releases of August 14th & October 5th, the Company has closed the second and final tranche of its non-brokered private placement financing and has raised $359,500 for a total raised of $762,300 by the issuance of 15,246,000 Units (the 'Units') at a deemed price of $0.05 per Unit. Each Unit consists of one common share and one non-transferrable share purchase warrant (the 'Warrant'). Each Warrant entitles the holder to purchase one additional common share at a price of $0.075 per share for a period of five years expiring October 16, 2020. 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 February 17, 2016. No finder's fees were paid in connection with the second tranche closing. William Trimble, an insider of the Company, has purchased 3,000,000 Units of the private placement.

Early Warning Report:
Steve Marshall, majority owner of Travelucion S.L., has purchased 1,000,000 Units of the private placement. As a result of the purchase, Mr. Marshall now holds 5,000,000 common shares of MPH Ventures representing approximately 15.01% of the issued and outstanding common shares and 1,000,000 share purchase Warrants of the Company, as of the date hereof, on a non-diluted basis. Assuming full exercise of the Warrants, Mr. Marshall would hold 6,000,000 shares representing 17.65% of the outstanding shares of MPH Ventures. A copy of the Early Warning Report may be found on www.SEDAR.com. Mr. Marshall's shares and Units will be held in trust until TSX Venture Exchange approval.

Proceeds from the private placement have been used to complete MPH Ventures acquisition of a 20% interest in Travelucion, as well as for general working capital purposes.

The private placement is subject to TSX Venture Exchange acceptance.

About MPH Ventures Corp.:

MPH Ventures Corp. has approx. 33.3 million shares issued and outstanding.

MPH-Travelucion Presentation:
http://www.mphventurescorp.com/i/pdf/MPS_PPT.pdf

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

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:

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

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.
Read the rest of the article at www.noodls.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
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MPS.V)FRANKFURT (IJA1.F)
0.065+0.00%0.005-54.55%
TSX-V
CA$ 0.065
03/18 15:21 -
0%
Prev close Open
0.065 0.065
Low High
0.065 0.070
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.065 -7.14%
Volume 1 month var.
37,500 -7.14%
24hGold TrendPower© : -24
Produces
Develops
Explores for Gold - Molybdenum
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/16/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
error

 

 

THE REQUESTED URL IS UNCORRECT

Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !