RMM Ventures Inc.

June 12, 2006 14:57 ET

RMM Ventures Inc.: Change of Name and Private Placement

TORONTO, ONTARIO--(CCNMatthews - June 12, 2006) - RMM Ventures Inc. (the "Corporation") (formerly "HNR Ventures Inc.") is pleased to announce that pursuant to articles of amendment dated June 6, 2006, HNR Ventures Inc. changed its name to its current form and consolidated its issued and outstanding common shares on the basis of ten (10) existing common shares for each post-consolidation common share. The name change and consolidation was approved, among other matters, by the shareholders of the Corporation at the Annual and Special Meeting of Shareholders held on June 1, 2006.

The Corporation would also like to announce that it has agreed to a non-brokered private placement of up to 2,000,000 common shares at a price of $0.05 per common share for gross proceeds of $100,000. There may be a finder's fee paid in connection with the proposed private placement. The proceeds will be used for general working capital.

Contact Information

  • RMM Ventures Inc.
    Robert Saltsman
    Chief Executive Officer
    (416) 402-2428