Invenio Completes Shares for Debt Settlement
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 01/27/15 -- Invenio Resources Corp., ("Invenio" or the "Company"), (TSX VENTURE: IVO), is pleased to announce that it has arranged to settle indebtedness (the "Settlements") of an aggregate of $98,500 of outstanding debt owing to certain creditors, both external and internal to the Company. The Settlements represent payments for fees owing to professional advisors and for certain consulting fees. Completion of the Settlements will allow the Company to preserve its existing cash balances.
The Company will issue 1,970,000 common shares of the Company (the "Shares") at a deemed price of $0.05 per Share, in full satisfaction of debt in the total amount of $98,500 owing to a consultant and an arm's length party. The Shares will be subject to a four-month hold period from the date of issuance. The Settlements are subject to the approval of the TSX Venture Exchange.
1,250,000 Shares will be issued in settlement of $62,500 of outstanding debt owing to a company controlled by a director of Invenio. The Settlement with such company shall constitute a related party transaction pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the formal valuation and minority approval requirements of MI 61-101 in reliance on Sections 5.5(b) and Sections 5.7(b), respectively, of MI 61-101.
About Invenio
Invenio is a mining and resource issuer based in Vancouver, Canada. The Company will be focused on identifying assets and opportunities that meet the following criteria, production, near term production, enhanced exploration and special situations demonstrating a potential unique growth.
Issued on behalf of the Board of Directors of Invenio Resources Corp.
Allan Williams, Chairman
Neither 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. This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at . The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Contacts:
Invenio Resources Corp.
Allan Williams
Chairman
1 604 787 5653
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Datum: 27.01.2015 - 14:15 Uhr
Sprache: Deutsch
News-ID 367149
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Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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