INV Metals Completes Sale of Lansdowne House Property
TORONTO, ON – June 30, 2011 – INV Metals Inc. (“INV Metals”) (TSX: INV) is pleased to announce it has completed the previously announced sale of the Lansdowne House property, located in northwestern Ontario, to Anglo Swiss Resources Inc. (“Anglo Swiss”) (TSXV-ASW). INV Metals received 11,950,774 common shares of Anglo Swiss valued at $1,446,360 in exchange for its 100% interest in the Lansdowne House property and retains a 1% net smelter return royalty on those claims not already subject to a royalty.
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, (3) its 100% owned Itaporã 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 the INVTM Metals’ website at www.invmetals.com to view additional details relating to the properties.