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Inventus Mining Closes $1M Flow-Through Private Placement With Eric Sprott
Globenewswire· 2025-05-22 20:23
Core Points - Inventus Mining Corp. has successfully closed a non-brokered private placement of 8,000,000 flow-through shares at a price of $0.13 per share, resulting in gross proceeds of C$1,040,000 [1][3] - Eric Sprott was the sole subscriber for the private placement, increasing his ownership from approximately 6.9% to 10.6% of the outstanding shares [3] - The proceeds from the private placement will be allocated to Canadian exploration expenses and flow-through mining expenditures, specifically for the Pardo and Sudbury 2.0 projects [6][7] Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district of Ontario, with key assets including the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [9] - The company has approximately 203 million common shares outstanding [9]
Inventus Completes Early Warrant Exercise Incentive Program
Globenewswire· 2025-05-20 22:12
Core Points - Inventus Mining Corp. has successfully executed an early warrant exercise incentive program, resulting in the exercise of 12,200,000 warrants for gross proceeds of $1,098,000 [1][2] - The company issued 12,200,000 common shares and an equal number of incentive warrants, which allow holders to acquire additional shares at $0.12 until November 6, 2026 [1][2] - A total of 2,800,000 warrants remain unexercised and will continue to be available until their original expiry date [3] Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district of Ontario, with key assets including the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [4] - The Pardo project is noted as the first significant paleoplacer gold discovery in North America [4] - The company has approximately 195 million common shares outstanding [4]