VANCOUVER, BC, Feb. 18, 2015 (GLOBE NEWSWIRE) -- MPH Ventures Corp. (TSX-V: MPS) (OTCBB: MPSFF) (Frankfurt: IJA2) ( the "Company") announces that, with the recent shift in American policy towards Cuba, management intends to evaluate potential investments in Cuba.
At this time, no transactions have concluded nor is there any assurance that a suitable investment in a Cuban project will be concluded in the future. Any transaction, if concluded, will require regulatory approval.
MPH Ventures is also pleased to announce the appointment of Mr. Gavin McMillan to a newly formed Advisory Board to the Company.
Mr. McMillan has over 20 years of experience developing innovative information and infrastructure solutions, developing brand management, negotiating licenses, rights and permits and developing the sales and marketing structure for companies. Within the last 15 years, Mr. McMillan has been involved in a number of market sectors. Projects have ranged from supporting mineral exploration and developments worldwide to the identifying and negotiating the rights to develop a Cuban based wireless communications company. Most recently, Mr. McMillan has been involved in developing and financing of several projects through an innovative alternative investment fund. These projects included the restructuring of an international telecommunications venture, creating the structure and business plan for a national US broadcast television-movie production company, and the creation of a China based cruise and land based resort company.
Mr. McMillan has also led the development of several patents within the technology and telecommunications industry. Specializing in international business development, Mr. McMillan has maintained offices and operations for ventures based in North and Latin America, Cuba, Russia, Ukraine, and Europe.
MPH Ventures also announces a non-brokered private placement of up to 10,000,000 units (the "Unit") at a price of $0.05 per unit to raise proceeds of up to $500,000. 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 Company intends to utilize the proceeds from this private placement for investment investigation and for general working capital purposes.
A finder's fee of up to 7% cash and 7% 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. is a molybdenum and gold exploration company focused on mineral development within Canada.
For further information on MPH Ventures Corp. (TSX-V: MPS) visit the Company's website at www.mphventurescorp.com .
MPH VENTURES CORP.
James G. Pettit
For further information contact myself or:
MPH Ventures Corp.
Toll Free: 800-567-8181
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. Please see the public filings of the Company at www.sedar.com for further information.
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
Source:MPH Ventures Corp.