On November 6, 2024, Inventus Mining Corp. announced the closing of its non-brokered private placement, which included participation from McEwen Mining Inc. McEwen Mining acquired 10,000,000 units at a price of $0.04 per unit, for a total investment of $400,000.
Each unit purchased by McEwen Mining consisted of one common share and one common share purchase warrant of Inventus. The proceeds from this offering are intended to advance Inventus' Pardo Project and support its general corporate purposes.
This transaction finalizes McEwen Mining's strategic investment, which was previously announced on October 21, 2024. The completion of this private placement strengthens Inventus' financial position and reflects McEwen Mining's continued interest in the Pardo Paleoplacer Gold Project.
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