Not for Distribution to United States Wire Services or Dissemination in the United States
TORONTO, Oct. 21, 2024 (GLOBE NEWSWIRE) — Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce a non-brokered private placement of up to 15,000,000 units of the Company (each, a “Unit”) at a price of $0.04 per Unit, for total gross proceed of up to $600,000 (the “Offering”). McEwen Mining Inc. (“McEwen”) has agreed to purchase 10,000,000 Units of the Offering.
Each Unit will consist of one common share of the Company (a “Common Share”) and one common share purchase warrant. Each warrant (a “Warrant”) entitles the holder to purchase one Common Share of the Company (a “Warrant Share”) at a price of $0.09 per Warrant Share until the date which is twenty-four (24) months following the closing of the Offering.
The expiry date of the Warrants may be accelerated by Inventus if the…
