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"


Midland, in Partnership with Rio Tinto Exploration Canada, Intersects New Lithium and Cesium Bearing Pegmatites During the 2025 Drilling Program on the Galinée Project

Midland Exploration Inc. (TSX-V: MD), in partnership with Rio Tin... READ MORE

January 8, 2026

Brunswick Exploration Announces Inferred Mineral Resource of 52.2Mt at 1.08% Li2O at Mirage with Additional Exploration Target

Brunswick Exploration Inc. (TSX-V: BRW) (OTCQB: BRWXF) is very pl... READ MORE

January 8, 2026

Endeavour Silver Produces 6,486,661 Oz Silver and 37,164 Oz Gold, for a total of 11.2 Million Silver Equivalent Oz in 2025

Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR)  reports full year... READ MORE

January 8, 2026

Emerita Intersects 12.1m Grading 1.6% Copper, 0.85 g/t Gold, 32.11 g/t Silver and 1.4m Grading 5.8% Copper, 4.89 g/t Gold and 51.0 g/t Silver at El Cura

Emerita Resources Corp. (TSX-V: EMO) (OTCQB: EMOTF) (FSE: LLJA) r... READ MORE

January 7, 2026

ARIANNE PHOSPHATE RECEIVES FINAL APPROVAL FOR FINANCIAL SUPPORT FROM THE GOVERNMENT OF CANADA

Arianne Phosphate (TSX-V: DAN) (OTCQB: DRRSF) (FRANKFURT: JE9N), ... READ MORE

January 7, 2026

Copyright 2026 The Prospector News