TORONTO, May 20, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the “Company”) is pleased to report that, pursuant to the Company’s early warrant exercise incentive program (the “Program”) as announced on April 17th, 2025 and April 25th, 2025, certain warrant holders have exercised a total of 12,200,000 warrants for total gross proceeds to the Company of $1,098,000. The Company issued 12,200,000 common shares upon the exercise of the warrants and 12,200,000 incentive warrants (each, an “Incentive Warrant”).
Each Incentive Warrant entitles the holder to acquire an additional common share of the Company at a price of $0.12 per Incentive Warrant Share until 5:00 PM Eastern Time on November 6th, 2026. The expiry date of the Incentive Warrants may be accelerated by Inventus if the closing price of the common shares of the Company on the TSXV is greater than or equal to $0.15 over a consecutive 20-day period. If this occurs, the Company may accelerate the expiry date of the Incentive Warrants by issuing a press release announcing the reduced Incentive Warrant term whereupon the Incentive Warrants will expire on the 10th trading day after the date of such press release.
The balance of 2,800,000 warrants that were not exercised under the Program will remain outstanding and continue to be exercisable for common shares of the Company on their current terms until the original expiry of November 6th, 2026.
The Incentive Warrants, and any Incentive Warrant Shares issued upon the exercise thereof, are subject to a four-month hold period from the date of issuance in accordance with Canadian securities laws.
For further information visit www.inventusmining.com, or contact:
Mr. Wesley Whymark
President and Head of Exploration
Inventus Mining Corp.
E-mail: wesley@inventusmining.com
Phone: 705-822-3005
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Inventus Mining Corp.
Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. Our principal assets are a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has approximately 195 million common shares outstanding.
Forward-Looking Statements
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “if”, “yet”, “potential”, “undetermined”, “objective”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to the failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
