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IVO

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Share Name Share Symbol Market Type
TSXV:IVO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Invenio Announces Private Placement Proceeds for Drilling Ganes Creek Gold Project

26/03/2012 2:00pm

Marketwired Canada


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, President

This 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.


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