| Previous Close | 0.4400 |
| Open | 0.4500 |
| Bid | 0.4150 x 0 |
| Ask | 0.4400 x 0 |
| Day's Range | 0.4400 - 0.4500 |
| 52 Week Range | 0.2300 - 1.1100 |
| Volume | 4,156 |
| Avg. Volume | 57,598 |
| Market Cap | 66.087M |
| Beta (5Y Monthly) | 2.53 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0430 |
| Earnings Date | Mar. 04, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1.83 |
- GlobeNewswire
INV Metals Reports 2020 Results
TORONTO, March 04, 2021 (GLOBE NEWSWIRE) -- INV Metals ("INV Metals" or "Company") (TSX: INV) reports its financial results for the year ended December 31, 2020. The Company recorded a total loss of $5,851,358 or $0.04 per share for the year ended December 31, 2020, compared to $2,997,082 or $0.03 per share for the year ended December 31, 2019, an increase of $2,854,276 or 95% from the prior year. The Company’s unaudited cash balance as at March 4, 2021 was approximately $7.3 million. For additional financial information please see INV Metals’ audited consolidated financial statements and management’s discussion and analysis filed on www.sedar.com and on the Company’s website at www.invmetals.com. About INV™ Metals INV™ Metals is an international mineral resource company focused on the acquisition, exploration and development of precious and base metal projects in Ecuador. Currently, INV™ Metals’ primary assets are: (1) its 100% interest in the Loma Larga gold exploration and development property in Ecuador, and (2) its 100% interests in exploration concessions in Ecuador, including the Tierras Coloradas, La Rebuscada and Carolina exploration projects. For further information, please contact: Sunny LoweChief Financial Officer Phone: (416) 703-8416E-mail: slowe@invmetals.com Forward-Looking Statements This press release contains forward-looking information. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. In certain cases, forward-looking information may be identified by such terms as “anticipates”, “believes”, “could”, “estimates”, “expects”, “may”, “shall”, “will”, or “would”. Forward-looking information contained in this press release is based on certain factors and assumptions made by management and qualified persons in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management and the qualified persons believe are appropriate in the circumstances. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to grade or recovery rates, uncertainties regarding the price of precious and base metals, uncertainties regarding the availability of equity financing, the COVID-19 pandemic materially impacting the operations of the Company, changes in legislation, governmental or community policy, risks and uncertainties associated with the ability of the Company to obtain required permits, reliance on key personnel, operational risks, regulatory, capitalization and liquidity risks. Please refer to the audited consolidated financial statements, management’s discussion and analysis, the Annual Information Form dated March 4, 2021 and other disclosure documents filed and available on SEDAR at www.sedar.com for other risks that could materially affect the Company. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
- GlobeNewswire
INV Metals Closes Private Placement Financing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Jan. 28, 2021 (GLOBE NEWSWIRE) -- INV Metals Inc. (“INV Metals” or the “Company”) (TSX:INV) is pleased to announce that it has completed its previously announced non-brokered private placement (the “Private Placement”) of common shares (“Shares”) at a price of $0.45 per Share for gross proceeds of approximately $6.1 million. The Company issued 4,848,287 Shares to IAMGOLD Corporation to maintain its 35.5% interest and 8,805,962 Shares to Dundee Precious Metals Inc. which increased its position from a 19.4% to a 23.5% interest. The proceeds from the Private Placement will be used for the advancement of the Loma Larga Project and for general corporate purposes. The Private Placement is considered to be a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) since both IAMGOLD Corporation and Dundee Precious Metals Inc. (collectively, the “Insiders”) hold more than 10% of the Company’s Shares. The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Insiders’ participation in the Private Placement in reliance of Sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report will be filed in connection with the participation of Insiders in the Private Placement less than 21 days in advance of the closing of the Private Placement, which the Company deems reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and to complete the Private Placement in an expeditious manner. About INVTM MetalsINVTM Metals is an international mineral resource company focused on the acquisition, exploration and development of precious and base metal projects in Ecuador. Currently, INVTM Metals’ primary assets are: (1) its 100% interest in the Loma Larga gold property in Ecuador; and (2) its 100% interests in exploration concessions in Ecuador, including Tierras Coloradas, La Rebuscada and Carolina. The Company’s significant shareholders are IAMGOLD Corporation which holds a 35.5% equity interest, and Dundee Precious Metals Corp. which holds a 23.5% equity interest. For further information on INV Metals please email the Company at info@invmetals.com. Corporate presentations, press releases and other relevant information is available on the Company website at www.invmetals.com. For more information please contact: Sunny LoweChief Financial OfficerPhone: (416) 703-8416 E-mail: slowe@invmetals.com Forward-Looking Statement This press release contains forward-looking information. Forward-looking information contained in this press release includes, but is not limited to, statements with respect to the use of proceeds in respect of the Private Placement. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. In certain cases, forward-looking information may be identified by such terms as “anticipates”, “believes”, “could”, “estimates”, “expects”, “may”, “shall”, “will”, or “would”. Forward-looking information contained in this press release is based on certain factors and assumptions made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believe are appropriate in the circumstances. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include the risk that the Company may not obtain project financing on favourable terms or obtain project financing at all and risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to grade or recovery rates, reliance on key personnel, operational risks, regulatory, capitalization and liquidity risks. Please refer to management’s discussion and analysis, the Company’s Annual Information Form dated April 14, 2020 and other disclosure documents filed and available on SEDAR at www.sedar.com for other risks that could materially affect the Company. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
- CNW Group
IIROC Trade Resumption - INV
TORONTO, Jan. 27, 2021 /CNW/ - Trading resumes in: Company: INV Metals Inc.
