Inventus Mining Corp V.IVS

Private Placement with Investment by McEwen Mining V.IVS

[Betteryear2]

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.

Inventus Mining Announces Private Placement with Investment

[shneps]

Nice to see McEwen Mining (MUX) is taking its first toe dipping into Inventus. We had Robert and Stefan for sometime but MUX is a different animal. Completing the resource estimate will allow them to potentially take more. I do like the 9c warrants plus the acceleration clause assosciated with them. I have no issues with MUX taking a 5%-10% interest.

[shneps]

Bill Fisher from $GQC is an excellent very experienced addition to $IVS that they have been looking for sometime. I also like seeing Wesley focused on day to day operations. Moving back from cost saving contributions to $MUX and focusing on moving the Pardo paleoplacer at surface gold project forward.