| To: StemuliteWorks who wrote (646) | 1/14/2020 1:14:33 AM | | From: molee | | | | So , it was actually Endurance letting go another 9 million to add to their previous 1 million sold .
Endurance Gold reduces Inventus stake to 11.7% 2020-01-13 17:46 ET - News Release Mr. Robert Boyd reports ENDURANCE REPORTS SALE OF 10 MILLION SHARES OF INVENTUS AND EARLY WARNING REPORT Endurance Gold Corp. has sold a further nine million shares and filed an early warning report in respect of its shareholding in Inventus Mining Corp. Together with the sale of one million shares reported on Jan. 10, 2020, the company has sold a total of 10 million shares of Inventus and reduced its percentage ownership in Inventus to approximately 11.77 per cent. On January 13, 2020, Endurance sold 9,000,000 common shares of Inventus at an average price of $0.1003 per share for aggregate gross proceeds of $902,700. Combined gross proceeds from the sales announced on January 10 and 13 are $1,004,800.00. These proceeds will be used to fund the Company's exploration activities in British Columbia and Alaska, and for general working capital purposes. Immediately prior to the disposition of this additional 9,000,000 common shares, Endurance had ownership of 21,978,000 common shares, representing approximately 19.93% of the issued and outstanding common shares of Inventus, and immediately following this disposition, Endurance now retains ownership of 12,978,000 common shares, representing approximately 11.77% of the issued and outstanding common shares of Inventus. The disposition was completed for investment purposes. The Company may, in future, increase or decrease its ownership, control or direction over the Inventus' securities through market transactions, private agreements, or otherwise. A copy of the early warning report filed by Endurance in connection with the disposition described above is available on SEDAR under Inventus' profile at www.sedar.com, and it can also be obtained directly from Endurance. This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report. Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits. 2020 Canjex Publishing Ltd. All rights reserved. |
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| From: molee | 1/14/2020 10:50:06 AM | | | | | | Inventus bustin' a move ...
Now that the placement has been filled it's time to reflect the potential for Sudbury 2.0 ..
Go Inventus ... |
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| To: molee who wrote (647) | 1/14/2020 2:08:26 PM | | From: StemuliteWorks | | | | Wow, this is GREAT BIG NEWS!
Please use paragraph breaks for easier reading.....simple to do, just takes a second, simply find where you want your break and hit "enter" on the keyboard......thanks.
Now the big question is who purchased?
Got news for all, this is not a coincidence happening during this offering.
Wonder who it is.....Big News Coming! |
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| To: molee who wrote (651) | 1/15/2020 11:21:21 AM | | From: Erie | | | | I'm missing something here, so help me understand what, please.
We have the news that Endurance has sold some shares and will sell many more. I would have thought that this means that Endurance doesn't see much future in IVS, and that negative sentiment combined with the prospect of many more Endurance shares coming on offer would drive the SP down. But it's going up. I'm glad, but what am I missing? |
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| To: Erie who wrote (652) | 1/15/2020 11:37:44 AM | | From: molee | | | | Hi Erie ,
Stem will probably weigh in here but , Endurance SOLD ( not selling more , I think ) these shares at the same time as the "offering" . They were gobbled up quickly as were the extended "offering" shares . Good sign .
As to why Endurance sold , I think it was they need capital for their own mining efforts and saw an opportunity to sell a block at a fixed price . Can you imagine how long and at what price the 10 million shares Endurance had to sell if they tried to sell into the retail market ???
If mining results from Sudbury 2.0 are as good as "predicted" the stock should really take off .. ( we hope ) ... ;-) |
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