Mining
Wednesday, July 6th, 2022 10:13 am EDT
Irving Resources Inc. has welcomed Crescat Capital LLC as lead strategic investor in the private placement of units announced in Irving’s news release of June 20, 2022. Crescat has agreed to invest $1 million (the “Crescat Investment”) by subscribing for 1 million Units. Each Unit will consist of one Common Share and one-half of one Common Share purchase warrant, each whole Warrant entitling the holder to purchase one Common Share at a price of $1.60 for a period of three years. Following closing of the Crescat Investment, Crescat will have an option to participate in future financings undertaken by the Company (subject to ceratin exceptions) to maintain its interest as long as Crescat holds greater than one percent of the issued and outstanding common shares of the Company.
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.
Additional information can be found on the Company’s website: www.IRVresources.com. Akiko Levinson, President, CEO & Director For further information, please contact: Tel: (604) 682-3234 Toll free: 1 (888) 242-3234 Fax: (604) 971-0209 info@IRVresources.com THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
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