INV Metals Reports Q3/2011 Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 11/10/11 -- INV Metals Inc. ("INV Metals" or "Company") (TSX: INV) reports its financial results for the three and nine month periods ended September 30, 2011 (see INV Metals' unaudited 2011 interim consolidated financial statements and MD&A filed on SEDAR at and on the Company's web site at ).
Q3/2011 Results
The Company recorded a net loss of $3,968,489 or $0.06 per share for the three month period ended September 30, 2011 ("Q3/2011"), compared with a net loss of $449,254 or $0.01 per share for the corresponding period ended September 30, 2010 ("Q3/2010"). The Company's cash balance as at September 30, 2011 was $14.2 million, compared to $21.3 million at year end 2010; the decrease was mainly due to the Company's exploration expenditures on its properties in Namibia and Brazil.
About INV™ Metals
INV™ Metals is an international mineral resource company focused on the acquisition, exploration and development of base and precious metal projects in Brazil, Namibia and Canada. Currently, INV™ Metals' primary assets are: (1) its option to acquire an initial 50% of the Rio Novo property, located in Brazil, (2) its option to acquire an initial 50% of the Kaoko property, located in Namibia, (3) its 100% owned Itapora gold properties, located in Brazil and (4) its option to acquire 50% of the Thorne Lake gold property, located in northwestern Ontario. Please also refer to the INV™ Metals' website at to view additional details relating to the properties.
Contacts:
INV Metals Inc.
Candace MacGibbon
President and Chief Financial Officer
(416) 703-8416
INV Metals Inc.
Robert Bell
Chief Executive Officer
(416) 703-8416
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Datum: 10.11.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 86331
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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