Press release from Marketwire
Invenio Announces Private Placement Proceeds for Drilling Ganes Creek Gold Project
Monday, March 26, 2012
Invenio Announces Private Placement Proceeds for Drilling Ganes Creek Gold Project09:00 EDT Monday, March 26, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2012) - Invenio Resources Corp. ("Invenio" or the "Company") (TSX VENTURE:IVO) announces that, subject to TSX Venture Exchange approval, it intends to undertake a non-brokered private placement of 18.75 million units at $0.12 per unit for gross proceeds of $2.25 million. Each unit consists of one common share and one transferable share purchase warrant. Each warrant will entitle the holder to purchase one common share for a period of two years from the closing of the offering at a price of $0.15 per share in the first year and $0.22 per share in the second year. Net proceeds from the offering will be used for a diamond drilling program at its Ganes Creek Gold project located in Alaska (see Invenio news release on February 16, 2012 for details on the drilling program), follow up surface work on the Candle Hills gold project also located in Alaska and for general working capital. Finder's fees may be paid in connection with this private placement. About Invenio Resources Corp. Invenio Resources Corp. is a Canadian based exploration company focused on gold exploration. The Company's common shares are listed on the TSX Venture Exchange and trade under the symbol IVO. Invenio has an interest in four gold properties, Ganes Creek, and Candle Hills in Alaska, Kings Canyon, located on the border of Nevada and Utah, and Green Springs located in Nevada. Invenio has an option on Ganes Creek and Candle Hills with the right to acquire a 100% interest in both properties. Ganes Creek has the potential to host both high grade lode style gold mineralization and lower grade bulk mineable mineralization similar to that found at the 42 million ounce Donlin Creek gold deposit, and at Candle Hills gold mineralization is potentially plutonic hosted stockwork and fault-filled vein style. ON BEHALF OF THE BOARD OF DIRECTORS OF INVENIO RESOURCES CORP. Ken Booth, PresidentThis news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsInvenio Resources Corp.firstname.lastname@example.orgNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.