MPH Ventures Corp

Published : August 14th, 2015

MPH Ventures Extends Agreement to Acquire Interest in Travelucion, (a Travel Media Company Servicing Travelers to Cuba), Private Placement Announced

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Keywords :   Cuba | Facebook | Growth | Market |

MPH Ventures Extends Agreement to Acquire Interest in Travelucion, (a Travel Media Company Servicing Travelers to Cuba), Private Placement Announced


MPH Ventures Extends Agreement to Acquire Interest in Travelucion, (a Travel Media Company Servicing Travelers to Cuba), Private Placement Announced

Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (OTCBB: MPSFF) (Frankfurt: IJA2) (the "Company") announces, further to its news release of July 08th, that the Company and the shareholders of Travelucion S.L (the "Selling Shareholders") have mutually agreed to extend the closing date to September 30th pursuant to which the Company shall acquire a 20% interest in Travelucion S.L in exchange for common shares of MPH Ventures and $100,000 in cash with an option to acquire the remaining 80% interest.

Travelucion is a cash-flow positive online travel 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 exhilarating 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.
  • Travelucion is launching the development of mobile and web-based interfaces that will allow the company to offer near real-time reservations based on existing technology available for Cuban hospitality, leisure and travel services.
  • This solution will permit all visitors to Cuba to preview and book private homes directly from their phones, order classic car tours on demand, reserve private restaurants, tours and adventures in real time, yet with a uniquely Cuban style. This will also promote Cuban homeowners and entrepreneurs through providing the portal, opportunity and the tools that allow them to compete in the nascent U.S.-Cuba travel market.
  • The company is preparing its 432 multi-language Cuba web properties for Global Distribution System (GDS) integration in preparation for GDS real-time bookings through Amadeus, Abacus and, when authorized, American GDS companies Travelport and Sabre.
  • Travelucion will begin offering Carnival cruises to Cuba across its 432 Cuba web properties.
  • Travelucion will begin to promote to its high volume of U.S. based website visitors the services and offers from U.S. travel corporations as and when these are authorized.

List of Travelucion web properties:
http://www.mphventurescorp.com/i/pdf/travelucion-web-properties.pdf
MPH will acquire 20% of the Selling Shareholder's shares in Travelucion in consideration of the issuance to the Selling Shareholder of 4,000,000 shares of MPH Ventures at a deemed price of $0.05 per share and CAD $100,000 in cash. Prior to closing this transaction, MPH Ventures is required to complete a private placement of $600,000. On closing, MPH Ventures will become the registered holder of 20% of the issued and outstanding shares of Travelucion. Closing of the acquisition of the initial 20% interest in Travelucion is subject to the acceptance for filing of the Definitive Agreement by the TSX Venture Exchange.

MPH Ventures has a further option, for a period of eight months, to acquire the remaining 80% (for a total of 100% interest) from the Selling Shareholders. The Company will be required to issue a further 16,000,000 MPH Venture shares at a deemed price equal to the previous 10-day volume weighted average price per share up to and including the date notice is given by MPH Ventures to the Selling Shareholders to acquire the remaining 80% of the issued and outstanding shares of Travelucion.

With the most significant shift in American policy towards Cuba in over fifty years, MPH Ventures is continuing to evaluate potential investment opportunities regarding Cuba.

MPH Announces Private Placement:

MPH Ventures announces a non-brokered private placement of up to 12,000,000 units (the "Unit") at a price of $0.05 per unit to raise proceeds of up to $600,000. 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 proceeds will be used for the aforementioned growth opportunities and corporate developments with Travelucion, as well as for general working capital purposes.

A finder's fee of 7% in cash and 7% in 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. has approx. 14.1 million shares issued and outstanding.

MPH-Travelucion Presentation:
http://www.mphventurescorp.com/i/pdf/MPS_PPT.pdf
Travelucion Media Kit:
http://www.mphventurescorp.com/i/pdf/travelucion-media-kit.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

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.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
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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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