McEwen Raises Inventus Stake to 12.7% in C$1.1 Million Warrant Exercise

McEwen Inc. raised its stake in Inventus Mining Corp. to 12.7% after acquiring 9.2 million shares through a C$1.104 million warrant exercise completed Nov. 4, expanding its holding in the Ontario-focused explorer. The transaction brought McEwen’s Inventus holding to 29.2 million shares from 20 million before the exercise. Its ownership rose from about 9% to 12.7%. McEwen disclosed the transaction Nov. 5, one day after it was completed. The warrants carried an exercise price of C$0.12 each and were due to expire Nov. 6, 2026.

Source: TokenPost