MPH Ventures Corp.
TSX VENTURE : MPS
FRANKFURT : IJA1

MPH Ventures Corp.

September 30, 2009 12:02 ET

MPH Ventures Private Placement Increased to 10 Million Units

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2009) - MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") announces that further to its news release dated September 23, 2009, the Company has increased its non-brokered private placement to up to 10,000,000 units at a price of $0.06 per unit to raise gross proceeds of up to $600,000.

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 also announces that further to its news release dated September 18, 2009, the Company will be amending the exercise price of an additional 154,400 incentive stock options to $0.10 per share. The existing options are currently priced at $0.31 and $0.34 per share.

The above transactions are 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

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
    Fax: (604) 687-3119

    or

    MPH Ventures Corp.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    Fax: (604) 687-3119
    info@mphventurescorp.com
    www.mphventurescorp.com