MPH Ventures Corp.
TSX VENTURE : MPS
FRANKFURT : IJA1

MPH Ventures Corp.

November 26, 2010 13:37 ET

MPH Ventures Corp.: Non-Brokered Private Placement Increased

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2010) - MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") announces that it will increase its private placement announced November 4, 2010 from 20,000,000 units to 21,000,000 units. The non-brokered private placement is at a price of $0.05 per unit to raise gross proceeds of up to $1,050,000. 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 three 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 intends to utilize the proceeds of this private placement for its 3400 acre Pidgeon Molybdenum Deposit Project located approximately 50 kilometres east of Dryden, in Northwestern Ontario, and for general working capital purposes.

Pidgeon Molybdenum Deposit Project Claims Map:
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS-ON-Pidgeon-area-map.gif

About MPH

MPH Ventures is focused on the development of its wholly owned gold and molybdenum projects located throughout Ontario. Management of MPH has extensive expertise in identifying and adding value to exploration projects throughout Ontario, 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: 800-567-8181
    604-687-3119 (FAX)
    or
    MPH Ventures Corp.
    Don Myers
    Director
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)
    info@mphventurescorp.com
    www.mphventurescorp.com