INV Metals Inc.
TSX : INV

INV Metals Inc.

March 02, 2012 15:55 ET

INV Metals Completes Sale of Fishtrap Property

TORONTO, ONTARIO--(Marketwire - March 2, 2012) - INV Metals Inc. ("INV Metals") (TSX:INV) is pleased to announce it has completed the previously announced sale of the Fishtrap property, located in northwestern Ontario, to KWG Resources Inc. ("KWG Resources") (TSX VENTURE:KWG). INV Metals received 3 million common shares of KWG Resources and 3 million share purchase warrants of KWG Resources exercisable at 12 cents per share for a period of five years from the closing date in exchange for its 100% interest in the Fishtrap property.

About INVMetals

INV™ Metals 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™ Metals' 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, and (3) its 100% owned Itaporã gold properties, located in Brazil. Please also refer to the INV™ Metals' website at www.invmetals.com to view additional details relating to the properties.

Contact Information