| WORLD VENTURES INC. - PRIVATE PLACEMENT FINANCING |
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NANAIMO, British Columbia – (Business Wire) – September 8, 2008 World Ventures Inc. (the “Company”) (OTCBB:WVNTF) is pleased to announce that the Company has negotiated and closed on September 8, 2008 non-brokered private placements in total of Five Hundred Fifty Two Thousand Eight Hundred Forty Six (552,846) units at a price of 10 cents per unit for gross proceeds of $55,284.60. Each unit is composed of one common share in the capital of World Ventures Inc., and a two-year common share purchase warrant. Each purchase warrant will entitle the holder to purchase a common share of World Ventures Inc. for a period on 24 months from closing at an exercise price of 20 cents per share. One of the private placements for 446,065 with gross proceeds of $44,606.50 was sold to a member of the Board of Directors. The Company has negotiated and closed on September 8, 2008 non-brokered debt for shares agreements in total of Seven Hundred Six Thousand One Hundred Forty Two common shares at a price of 10 cents per share for a gross of $ 70,614.14. Three of the agreements are with members of the Board of Directors. All shares, warrants and any shares issued upon exercise of warrants with respect to the above private placements are subject to a hold period and may not be traded until January 9, 2009. The proceeds from the private placements will be used for working capital. About World Ventures Inc. World Ventures Inc. is an early-stage mining company that focuses on the exploration and production of precious metals. The Company’s objective is to expand World Ventures Inc. into a significant gold and precious metals producer by further developing its Nevada, Saskatchewan and Ontario properties, and by acquisition other quality advanced-stage projects. Disclaimer: This release contains certain statements that are"forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995) including statements regarding SEC approval and the sufficiency of the funds raised. Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which World Ventures Inc. may have little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. World Ventures Inc. expressly disclaims any obligation to update the statements contained in this release.
ON BEHALF OF THE BOARD OF DIRECTORS OF
WORLD VENTURE INC. |
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