The Prospector News

Irving Resources Announces Completion of Non-Brokered Private Placements

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Irving Resources Announces Completion of Non-Brokered Private Placements

 

 

 

 

 

Irving Resources Inc. (CSE:IRV) (OTCQX: IRVRF) is pleased to announce the closing of its private placement with Newmont Corporation and concurrent private placement of units both announced in the Company’s news release of June 20, 2022.

 

Newmont invested US$4,400,000 by way of the issuance of 4,577,788 common shares of the Company at a purchase price of C$1.23 per share.

 

In addition, gross proceeds of C$2,974,540 were raised under the Unit Placement by the issuance of 2,974,540 units at a price of C$1.00 per Unit. Each Unit is comprised of one common share of the Company and one-half of a share purchase warrant. Each whole Warrant is exercisable for one common share of the Company at a price of C$1.60 per share for a period of three years. Cash finder’s fees totaling C$29,400 were paid in connection with the Unit Placement.

Irving welcomes Crescat Portfolio Management LLC, an investment manager in the United States, as lead strategic investor in the Unit Placement. Crescat’s C$1 million investment, together with Newmont’s continuing financial support, places Irving in a strong position to advance its exploration programs.

 

All securities issued in the 2022 Newmont Placement and the Unit Placement are subject to a hold period in Canada expiring on November 13, 2022.

 

About Irving Resources Inc.:

 

Irving is a junior exploration company with a focus on gold in Japan. Irving also holds, through a subsidiary, a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC). JOGMEC is a government organization established under the law of Japan, administrated by the Ministry of Economy, Trade and Industry of Japan, and is responsible for stable supply of various resources to Japan through the discovery of sizable economic deposits of base, precious and rare metals.

 

Posted July 13, 2022

Share this news article

MORE or "UNCATEGORIZED"


Bayhorse Silver Extends Known Silver Mineralization At The Bayhorse Silver Mine, Oregon, USA to Over 400m E-W and 563m S-N

Bayhorse Silver Inc, (TSX-V: BHS) (OTCQB: BHSIF) (FSE: 7KXN)... READ MORE

August 19, 2025

Sitka Intersects Multiple Occurrences of Visible Gold from near Surface in Initial Six Diamond Drill Holes Completed at the Contact Zone, RC Gold Project, Yukon

Visible gold observed in first six diamond drill holes drilled at... READ MORE

August 19, 2025

Orezone Intercepts Further High-Grade Mineralization Below Life Of Mine Pits Including 1.59 G/T Gold Over 48.00m And 1.09 G/T Gold Over 45.00m

Orezone Gold Corporation (TSX: ORE) (ASX: ORE) (OTCQX: ORZCF) is... READ MORE

August 19, 2025

Nevada Sunrise Signs Agreement to Sell the Gemini Lithium Project

Nevada Sunrise Metals Corporation (TSX-V: NEV) (OTC Pink: NVSGF) ... READ MORE

August 19, 2025

Brixton Metals Drills 28.35m of 1.63 g/t of Gold, 76.79 g/t Silver, 0.61% Copper and 1002 g/t Antimony at the Northside Vein, Camp Creek Area

Including 8.77m of 2.52 g/t Gold, 120.87 g/t Silver, 1.22% Copper... READ MORE

August 19, 2025

Copyright 2025 The Prospector News