FINWIRES · TerminalLIVE
FINWIRES

Inventus Mining Recovers 564 Ounces of Gold From Trench 1 Bulk Sample at Pardo Project

By

Inventus Mining (IVS.V) on Tuesday said it recovered 564 ounces of gold from the Trench 1 bulk sample at its Pardo "River of Gold" Project in Sudbury, Ontario.

The Trench 1 bulk sample, totaling 9,842 dry tonnes, was completed in two processing campaigns, the company added.

Inventus recorded total gold sales of C$3.5 million, exceeding direct bulk sample costs by 53%.

The company has now extracted and processed 20,480 tonnes through its bulk sampling programs, recovering 1,549 ounces of gold.

Inventus shares were last seen down C$0.005 to C$0.235 on the TSX Venture Exchange.

Price: $0.24, Change: $-0.01, Percent Change: -2.08%

Related Articles

Wire

Rithm Property Trust Launches Public Offering of Common Shares

Rithm Property Trust (RPT) said late Monday it launched a public offering of common shares.The company will grant underwriters a 30-day overallotment option to buy an additional 15% of the shares offered, according to a statement.An affiliate Rithm Capital has shown interest in buying common shares in a concurrent private placement, according to the company.Net proceeds will be used to acquire a portfolio of multifamily residential transition loans from affiliates of Rithm Capital, and for general corporate purposes, the company said.

$RPT
Wire

Penguin Solutions Plans $650 Million Convertible Notes Offering

Penguin Solutions (PENG) intends to offer $650 million in convertible senior notes due 2031 to institutional buyers, with initial purchasers expected to receive an option to buy up to an additional $100 million in notes, the company said Monday in a statement.Penguin expects to use the net proceeds to fund capped call transactions, pay the cash portion of exchanges for its existing 2029 and 2030 convertible notes, repay $100 million outstanding under its credit agreement, and for general corporate purposes.The company's shares fell 4.4% in after-hours trading.

$PENG
Wire

Erasca Plans $500 Million Underwritten Offering of Common Stock

Erasca (ERAS) plans to sell $500 million in common stock in an underwritten public offering.Underwriters are expected to receive a 30-day option to buy up to an additional $75 million in shares, the company said Monday in a statement.Erasca expects to use the net proceeds to finance research and development, and for working capital and general corporate purposes.The company's shares fell 2.2% in after-hours trading.

$ERAS