on Inventus Mining Corp. (CVE:IVS)
Inventus Mining Increases Flow-Through Financing to $2.5 Million
Inventus Mining Corp. has announced an increase to its previously declared non-brokered flow-through private placement. The new offering will now raise up to $2.5 million by issuing approximately 8,771,930 flow-through common shares at $0.285 per share. This financing aims to support accelerated exploration drilling at the Pardo Gold Project, preceding the company's inaugural resource estimate. The funds will comply with Canadian tax regulations for "Canadian exploration expenses" and "flow-through mining expenditures" and subscribers will benefit from tax deductions effective by the end of 2026.
The offering is projected to close around April 30, 2026, contingent upon receiving corporate and regulatory consents, including from the TSX Venture Exchange. Finder's fees, up to 6% of the gross proceeds, may be issued in accordance with TSX-V policies. Securities involved in the transaction will carry a statutory holding period of four months and one day. Additionally, insiders may participate, yet this will align with MI 61-101 rules due to the limited impact on market capitalization.
R. P.
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