TORONTO, ONTARIO--(Marketwired - Oct 27, 2014) - INV Metals ("INV Metals" or "Company") (TSX:INV) is pleased to announce that the Company has completed a transaction (the "Transaction") pursuant to which it has sold its remaining assets in Brazil. The Transaction was effected through the sale of the Company's direct and indirect wholly-owned subsidiary, INV Mineração Ltda ("IML"), to a private Brazilian company ("the Purchaser") in consideration for: an initial cash payment of US$1 million; future cash payments equal to 50% of any tax losses recovered by IML, which payments are currently estimated to be up to R$5,824,687, with an initial payment of US$800,000 payable by June 25, 2015 (both subject to adjustment based upon a due diligence review); ...
[...]