INV Metals Completes Sale Of Fishtrap Property
TORONTO, ON – 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”) (TSXV-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 INVTM Metals
INVTM 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, INVTM 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 INVTM Metals’ website at www.invmetals.com to view additional details relating to the properties.