Inventus Mining Corp. Announces $2.0 Million Flow-Through Financing

Inventus Mining Corp., listed on TSX Venture Exchange, has announced a non-brokered flow-through private placement of common shares totaling up to $2.0 million. The offering consists of up to 7,017,544 flow-through common shares at $0.285 per share. A lead order has already committed to purchasing 3,508,772 of these shares.

The raised funds, along with anticipated bulk sample cash flow, will be used to enhance exploration drilling at the Pardo Gold Project. This move comes in anticipation of the company's maiden resource estimate. The funds will be allocated to "Canadian exploration expenses" and "flow-through mining expenditures" as per the Income Tax Act.

The transaction is subject to approvals from relevant corporate and regulatory bodies, including the TSX Venture Exchange. Inventus may also offer finders' fees up to 6% of the gross proceeds. The issuance of shares to insiders is noted as a related party transaction, exempt from minority shareholder approval under specific conditions.