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Ivernia Inc.

11:57 AM EST - Ivernia Inc. : reported a net loss of $5.9 million U.S., or $0.03 U.S. per common share for the first quarter, compared with a net loss of $3.3 million U.S., or $0.02 U.S. per share last year. Quarterly revenue rose to $11.0 million U.S. from $500,000 U.S. in the previous year quarter. This was due to result from the completion of shipments of remaining mine site inventory stockpile which totaled 8,400 dry metric tonnes of lead carbonate concentrate. Ivernia Inc. shares T.IVW are trading down $0.025 at $0.35.