July 30, 2016 11:18 AM ET

Metals and Mining

Company Overview of Ivernia Inc.

Company Overview

As of November 13, 2015, Ivernia Inc. was acquired by Geo Zone Exploration Limited, in a reverse merger transaction. Ivernia Inc. operates as a base metals mining, exploration, and development company. It primarily holds a 100% interest in the Paroo Station lead mine in Western Australia. The company was founded in 2000 and is headquartered in Toronto, Canada. Ivernia Inc. is a subsidiary of Enirgi Group Corporation.

1 Adelaide Street East

Suite 3001

Toronto, ON M5C 2V9

Canada

Founded in 2000

140 Employees

Phone:

416-867-9298

Fax:

416-867-9384

Key Executives for Ivernia Inc.

Ivernia Inc. does not have any Key Executives recorded.

Ivernia Inc. Key Developments

Ivernia Inc.(TSX:IVW) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index

Ivernia Inc.(TSX:IVW) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index

Ivernia Inc. has Changed its Name to LeadFX Inc

On October 28, 2015, Ivernia Inc. changed its name to LeadFX Inc.

Ivernia Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months and Production Results for the Nine Months Ended September 30, 2015

Ivernia Inc. announced unaudited consolidated earnings results for the third quarter and nine months and production results for the nine months ended September 30, 2015. For the quarter, the company reported net loss of $2,002,000 compared to $3,932,000 a year ago. Cash flows used in operating activities was $2,811,000 compared to $9,991,000 a year ago. The net loss of $2.0 million was primarily due to $2.5 million of net care and maintenance costs and finance expenses of $0.5 million partially offset by a foreign exchange gain of $1.1 million resulting from the translation of the Canadian dollar denominated loans into USD. For the nine months, the company reported revenue of $27,163,000 compared to $111,182,000 for the same period a year ago. Net loss was $11,198,000 compared to $4,468,000 a year ago. Basic and diluted loss per share was $0.01 compared to $0.01 a year ago. Cash flow used in operating activities was $2,424,000 compared to $3,957,000 a year ago. For the nine months, the company reported ore milled of 171,200 tonnes compared to 1,008,600 tonnes reported in the same period last year. Concentrate produced was 14,000 tonnes against 88,200 tonnes produced last year. Lead metal in concentrate produced was 9,900 tonnes against 59,100 tonnes produced last year. Average head grade was 7.4% compared to 7.3% a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 31, 2015
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