From TokenPost · · 40s
Inventus Raises C$1.27 Million
Inventus Mining Corp. exercises warrants to raise C$1.27 million for Ontario projects.
In brief
Inventus Mining Corp. exercises warrants to raise C$1.27 million for Ontario projects. Inventus Mining Corp. raised C$1.266 million by exercising 10.55 million incentive warrants for planned work in Ontario. Originally reported by TokenPost.
Warrant Exercise Details
Inventus Mining Corp. announced Nov. 9 that holders exercised its remaining 10.55 million incentive warrants by the Nov. 6 deadline, raising C$1.266 million in gross proceeds for planned work in Ontario.
McEwen Inc. Transaction
McEwen Inc. exercised 9.2 million warrants on Nov. 4, bringing in C$1.104 million and holding 29.2 million Inventus shares, or 12.7% of shares outstanding.
CEO Investment
Inventus CEO Wesley Whymark exercised 375,000 warrants for C$45,000, stating he is pleased to invest alongside shareholders.
“I am also pleased to invest alongside our shareholders”
The big picture
Inventus Mining Corp. raised C$1.266 million by exercising 10.55 million incentive warrants for planned work in Ontario.
