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Re: News - Thursday, October 29, 2009
INV Closes Transaction to Option Rio Novo (Brazil) and Kaoko
(Namibia) Properties
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TORONTO, ON - October 29, 2009 - International Nickel Ventures
Corporation ("INV" or "Corporation") (TSX: INV) is pleased to announce
the closure of the transaction to enter into agreements with Teck
Resources Limited and its local subsidiaries ("Teck"), which provide
INV the right to acquire an initial 50% interest in the Rio Novo
copper-gold property in Caraj�s, Brazil and the Kaoko copper property
in Northwest Namibia. The transaction closed on October 28, 2009.
Terms of the agreements between INV and Teck were announced on August
4, 2009. Closure of the transaction was subject to final due diligence
and the receipt of the approval of the Namibian Minister of Mines and
Energy and the Toronto Stock Exchange.
About INV
INV is an international mineral resource company focused on the
acquisition, exploration and development of base and precious metal
projects in Brazil, Namibia and Canada. Currently, INV's primary assets
are: (1) its option to acquire 50% of the Rio Novo property, located in
Brazil, (2) its option to acquire 50% of the Kaoko property, located in
Namibia, (3) its Itapor� gold properties, located in Brazil and (4) its
option to acquire 50% of the Thorne Lake gold property, located in
northwestern Ontario. Please also refer to INV's Management's
Discussion and Analysis dated August 7, 2009 available on SEDAR at
www.sedar.com and the corporate presentation on INV's website at
www.nickelventures.com to view additional details relating to the
properties.
For further information, please contact:
Candace MacGibbon
Vice-President and Chief Financial Officer
(416) 703-8416
E-mail: cmacgibbon@invc.ca
or
Robert Bell
President and Chief Executive Officer
(416) 703-8416
E-mail: rbell@invc.ca
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Copyright (c) 2009 INTERNATIONAL NICKEL VENTURES INC. (INV) All rights
reserved. For more information visit our website at
http://www.nickelventures.com/ or send mailto:info@invc.ca
Message sent on Thu Oct 29, 2009 at 6:00:24 AM Pacific Time
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INV Metals Inc.
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EXPLORATEUR |
CODE : INV.TO |
ISIN : CA46123C1086 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
INV Metals est une société développant des projet miniers de nickel basée au Canada. INV Metals détient divers projets d'exploration au Bresil. Ses principaux projets en exploration sont THORNE LAKE au Canada, KAOKO en Namibie et RIO NOVO et ITAPORÃ au Bresil. INV Metals est cotée au Canada. Sa capitalisation boursière aujourd'hui est 61,1 millions CA$ (48,6 millions US$, 41,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 2,45 CA$, et son plus bas niveau récent le 20 juin 2014 à 0,02 CA$. INV Metals possède 92 590 000 actions en circulation. |