11:49 AM EST - INV Metals Inc. : announced the terms of the equity financing that is a condition precedent to its acquisition of the Quimsacocha Project in Ecuador from IAMGOLD Corporation. The Equity Financing will be a private placement of subscription receipts of a corporation that was incorporated to facilitate the Acquisition at a price of $0.10 per Subscription Receipt to raise gross proceeds of $20 million. INV Metals Inc.
shares T.INV are trading unchanged at $0.10.
