MPH Ventures Corp.
TSX VENTURE : MPS
FRANKFURT : IJA1

MPH Ventures Corp.

October 13, 2009 15:48 ET

MPH Ventures Private Placement Increased

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2009) - MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") announces further to its news releases dated September 23 and September 30, 2009, it has increased its non-brokered private placement to up to 12,000,000 units at a price of $0.06 per unit to raise gross proceeds of up to $720,000. Each unit consists of one common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one common share for a period of two years at a price of $0.10 per share.

The Company may pay up to a 7.5% finder's fee, payable in cash or units, in connection with part of this private placement offering.

MPH Ventures intends to utilize the proceeds of this private placement for the continuing development of its gold properties in the West Timmins region of northeastern Ontario and for general working capital purposes.

The above transaction is subject to the acceptance of the TSX Venture Exchange.

MPH Ventures Corp. is a gold and molybdenum exploration company focused on mineral development within Canada.

For further information on MPH Ventures Corp. (TSX VENTURE:MPS) visit the Company's web site at www.mphventurescorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President

This news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com.

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

Contact Information

  • MPH Ventures Corp.
    James G. Pettit
    President
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    or
    MPH Ventures Corp.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    info@mphventurescorp.com
    www.mphventurescorp.com