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.
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.
For further information:
For additional information please visit the Company's website at www.invenioresources.com.