Mr. Akiko Levinson reports
IRVING RESOURCES COMPLETES NON-BROKERED PRIVATE PLACEMENT
Irving Resources Inc. has closed the non-brokered private placement announced on Nov. 20, 2018. The company raised $2,083,802 by the issuance of 1,894,365 units at a price of $1.10 per unit.Each unit consists 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 $1.75 per share for a period of two years from the date of issue, subject to an accelerated expiry provision.
The company plans to use the net proceeds of the private placement to finance matters related to property exploration in Japan and for general working capital purposes.The securities issued under the private placement are subject to a four-month hold period.
About Irving Resources Inc.
Irving is a junior exploration company with a focus on gold in Japan. Irving also holds, through a subsidiary, project venture agreements with Japan Oil, Gas and Metals National Corp. (JOGMEC) for joint regional exploration programs in the United Republic of Tanzania, the Republic of Malawi and the Republic of Madagascar.
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