Invenio Provides Corporate Update; Shrs Edge Further Away From Near Yr Lows
Invenio Resources Corp. (IVO.V) reported that the non-binding Letter of Intent announced in its news release of October 24, 2012, relating to the company's proposed participation with a private oil company in the drilling of two exploration wells in southeast Saskatchewan, has expired. PrivateCo has agreed to continue to work with Invenio in January 2013 to complete a deal on the same terms as in the LOI announced on October 24. With the expiration of the LOI, Invenio will not be proceeding with the private placement announced on November 26, 2012.
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