| WORLD VENTURES INC. - PRIVATE PLACEMENT FINANCING |
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NANAIMO, British Columbia - (Business Wire) - June 12, 2008 World Ventures Inc. (the "Company") (OTCBB:WVNTF) is pleased to announce that the Company has negotiated and closed on June 12, 2008 non-brokered private placements in total of Three Hundred Thirty Three Thousand Three Hundred Thirty Three (333,333) units at a price of 15 cents per unit for gross proceeds of $50,000. 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 30 cents per share. One of the private placements for 233,333 with gross proceeds of $35,000 was sold to a member 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 October 13, 2008. A finder's fee of 8% is payable in common stock on $15,000 of this transaction. 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.
"Stewart A. Jackson" Stewart A. Jackson President/CEO
Contacts: World Ventures Inc. Stewart Jackson, 250-756-0291 John Curry, 250-756-0291
Source: World Ventures Inc.
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