Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
Business

Private Placement Loans, Canadian Business Journal

Not intended for distribution on US telecommunications networks or dissemination within the US

TORONTO, December 1, 2022 (GLOBE NEWSWIRE) — Inventus Mining Corporation (TSX VENTURE: IVS) (“Inventus” or the “Company”) today announced an unbroken private placement financing, including the sale of up to 24,000,000 units (“unit”), priced at $0.05 per unit for a total of $1,200,000 (“Recruitment”). Each unit consists of one share of common stock (“common stock”) and half of the Common Stock Purchase Warrant. Each Common Stock Purchase Warrant (“warrant”) will grant holders the right to acquire one share of common stock for $0.10 two years after the offering ends. All securities issued in connection with the offering are subject to a holding period of four months and he one day after closing.

Beginning six months after the closing of the offering, the expiration date of the warrants may be shortened by Inventus if the closing price of its common stock on the TSX Venture Exchange is $0.20 or more for 30 consecutive days. Should this occur, the Company may expedite the expiration of the Warrant by issuing a press release announcing the shortening of the Warrant Term, after which the Warrant will expire on the 10th day.th the trading day after the date of such press release;

Units will be offered for sale on the TSX Venture Exchange (“TSXV”). All securities issued under the offering are subject to a statutory four-month plus his one-day holding period.

Proceeds from the offering will be used to advance the Pardo and Sudbury 2.0 projects, reduce accounts payable, and for general corporate purposes.

Eligible finders can receive 6% cash commission and 8% broker warrants. Each Broker Warrant is exercisable for one year at a price of $0.10 per unit.

About Inventus Mining Corporation

Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. The Company’s principal assets are the Paldo Old Placer Project and his 100% interest in the Sudbury 2.0 Critical Minerals Project, located northeast of Sudbury. Pardo is the first significant paleo-gold discovery in North America. Inventus has approximately 140.6 million common shares outstanding.

For more information, please visit http://www.inventusmining.com. For more information, please contact:

Mr Stephen Spears
Chairman and CEO
Inventus Mining Corporation
Phone: (647) 408-1849

Email: [email protected]

NEITHER TSX-V NOR ITS REGULATORY SERVICE PROVIDERS (TERMS AS DEFINED IN THE TSX-V POLICIES) ASSUME ANY RESPONSIBILITY OR ACCURACY FOR THIS RELEASE. No stock exchange, regulatory service provider, securities commission or other regulatory authority has approved or rejected the information contained in this news release.

Forward-Looking Statements

This news release contains certain “forward-looking statements” that are not statements of historical fact. Forward-looking statements include estimates and statements that describe our future plans, objectives, or goals, including language to the effect that we or management expects the stated conditions or results to occur. . Forward-looking statements are defined as “believes,” “anticipates,” “expects,” “estimates,” “may,” “could,” “would,” “if,” “yet.” may be identified by terms such as ”, “may”, etc. , ‘undecided’, ‘purpose’, or ‘planned’. Forward-looking statements are based on assumptions and address future events or circumstances and, therefore, are inherently subject to risks and uncertainties. These statements are based on information currently available to us, but there is no guarantee that actual results will meet management’s expectations. Due to the risks, uncertainties and other factors associated with forward-looking information, actual events, results, performance, prospects and opportunities may not be expressed or implied by such forward-looking information. can vary greatly. Forward-looking information in this news release includes our objectives, goals or future plans, statements, exploration results, mineralization potential, mineral resource estimates, exploration and mine development plans, and timing of commencement of operations. include, but are not limited to: and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include failure to identify mineral resources, inability to convert estimated mineral resources to reserves, and recommended production decisions. the provisional nature of metallurgical test results; delay or failure to obtain required governmental, environmental or other project approvals; , political risks, inability to meet obligations to First Nations and other Indigenous peoples, uncertainty about availability and costs, future funding needs, stock market changes, inflation, exchange rate changes, commodities fluctuations in prices, delays in project development, capital and operating costs that differ materially from estimates, and other risks associated with the mineral exploration and development industry, and those risks set forth in our official documents filed with SEDAR; . Although we believe that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, we make no such assumptions that apply only as of the date of this news release. You should not place undue reliance on information. Such events are assumed to occur within the disclosed time or not at all. We disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


CBJ Newsmaker

Private Placement Loans, Canadian Business Journal

Source link Private Placement Loans, Canadian Business Journal

Related Articles

Back to top button