09:54 AM EST - Ivernia Inc. : announced that the Company has commenced the process of placing the Magellan Mine on care and maintenance. Ivernia's wholly-owned subsidiary, Magellan Metals Pty Ltd, has commenced discussions with its employees from the Magellan minesite and Perth office about potential redundancies. Ivernia Inc.
shares T.IVW are trading down $0.045 at $0.24.
