New Issue: MPH Ventures raises C$1 million from private placement of units

By Sheri Kasprzak

New York, May 10 - MPH Ventures Corp. wrapped a C$1 million private placement.

The company issued 5 million units of one share and one warrant at C$0.20 per unit.

The warrants are exercisable at C$0.27 each through May 9, 2009.

The investors in the offering were Donald Myers, Nancy Ackerfeldt, Jim Pettit, Donald C. Huston, Robert Anderson, Sean Fahy, Jeff Findler, Morquest Trading, Karla Muir, Mike Siggs and Andrew Statham

Proceeds will be used for property investigations and/or acquisitions, as well as working capital.

Vancouver, B.C.-based MPH is a precious and base metals exploration company.

Issuer:	MPH Ventures Corp.
Issue:	Units of one share and one warrant
Amount:	C$1 million
Units:	5 million
Price:	C$0.20
Warrants:	One warrant per unit
Warrant expiration:	May 9, 2009
Warrant strike price:	C$0.27
Placement agent:	Non-brokered
Investors:	Donald Myers, Nancy Ackerfeldt, Jim Pettit, Donald C. Huston, Robert Anderson, Sean Fahy, Jeff Findler, Morquest Trading, Karla Muir, Mike Siggs, Andrew Statham
Settlement date:	May 10
Stock symbol:	TSX Venture: MPS
Stock price:	C$0.315 at close May 10

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