TSX Venture Exchange: IVO
VANCOUVER,
Oct. 25, 2013 /CNW/ - Invenio
Resources Corp. (TSXV:IVO) reports that it intends to raise up to
$100,000 through the issuance of
debentures bearing interest at the rate of 10% per annum. The
debentures have a term of two years but may be repaid after the
first year. The net proceeds from this financing will be used
for working capital purposes.
Non-transferable share purchase warrants (the "Bonus Warrants")
will be issued to the lenders as a bonus at the rate of 8,000 Bonus
Warrants per $1,000 debenture
principal. Each Bonus Warrant will entitle the holder to
purchase one common share of Invenio at a price of $0.05 per share for a term of two years.
The Bonus Warrants will be subject to a hold period of four months
from the date of issuance.
Finder's fees will be payable in connection with this
financing. The financing is subject to receipt of final
acceptance of the TSX Venture Exchange.
About Invenio Resources Corp.
Invenio Resources Corp. is a Canadian based exploration company and
its common shares are listed on the TSX Venture Exchange under the
symbol IVO.
INVENIO RESOURCES CORP.
Ken Booth,
President
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.
SOURCE Invenio Resources Corp.