Inventus Mining Corp. announced a non-brokered private placement of up to 24,000,000 units to be issued at CAD 0.05 per unit for gross proceeds of CAD 1,200,000 on December 1, 2022. Each unit will consist of one common share and one half of a common share purchase warrant.

Each whole common share purchase warrant will entitle the holder to acquire one common share for CAD 0.10 for a period of two years after the closing of the offering. All securities issued in the offering are subject to a hold period of four months and one day after closing. The transaction is subject to the receipt of all required corporate and regulatory approvals including the approval of the TSX Venture Exchange.

The company may pay a 6% cash commission, and 8% broker warrants fees to finders. Each broker warrant will be exercisable into a Unit at a price of CAD 0.10 per Unit for a period of one year.