Irving Resources Reports Non-Brokered Private Placement
Irving Resources (IRVRF) has announced a non-brokered private placement to raise approximately $1.31 million through the issuance of units at $0.20 per unit. Each unit consists of one common share and one transferrable share purchase warrant. The warrants allow holders to purchase additional shares at $0.40 per share within a three-year period.
The proceeds will be used for resource exploration properties and general working capital. Company insiders are expected to participate in the placement. The securities will have a four-month statutory hold period under Canadian securities laws but no hold period under CSE policies.
Irving Resources (IRVRF) ha annunciato un collocamento privato senza intermediari per raccogliere circa 1,31 milioni di dollari mediante l'emissione di unità a 0,20 dollari ciascuna. Ogni unità è composta da un'azione ordinaria e da un warrant trasferibile per l'acquisto di azioni. I warrant consentono ai titolari di acquistare ulteriori azioni a 0,40 dollari per azione entro un periodo di tre anni.
I proventi saranno utilizzati per l'esplorazione delle risorse e per il capitale circolante generale. Si prevede la partecipazione degli insider della società al collocamento. I titoli saranno soggetti a un periodo di blocco legale di quattro mesi secondo le leggi canadesi sui valori mobiliari, ma non avranno alcun periodo di blocco secondo le politiche della CSE.
Irving Resources (IRVRF) ha anunciado una colocación privada sin intermediarios para recaudar aproximadamente 1,31 millones de dólares mediante la emisión de unidades a 0,20 dólares por unidad. Cada unidad consta de una acción común y un warrant transferible para la compra de acciones. Los warrants permiten a los titulares comprar acciones adicionales a 0,40 dólares por acción dentro de un período de tres años.
Los fondos se utilizarán para la exploración de recursos y para capital de trabajo general. Se espera que los insiders de la empresa participen en la colocación. Los valores tendrán un período de retención legal de cuatro meses según las leyes de valores canadienses, pero no tendrán período de retención según las políticas de la CSE.
Irving Resources (IRVRF)는 중개인 없이 약 131만 달러를 모금하기 위해 단위당 0.20달러에 단위 발행을 통한 사모를 발표했습니다. 각 단위는 보통주 1주와 양도 가능한 주식 매수권 1개로 구성되어 있습니다. 매수권은 보유자가 3년 이내에 주당 0.40달러에 추가 주식을 구매할 수 있도록 합니다.
모금된 자금은 자원 탐사 부지와 일반 운전자본에 사용될 예정입니다. 회사 내부자들이 이번 사모에 참여할 것으로 예상됩니다. 증권은 캐나다 증권법에 따라 4개월 법정 보유 기간이 적용되지만 CSE 정책에는 보유 기간이 없습니다.
Irving Resources (IRVRF) a annoncé un placement privé sans courtier visant à lever environ 1,31 million de dollars par l'émission d'unités au prix de 0,20 dollar chacune. Chaque unité comprend une action ordinaire et un bon de souscription transférable. Ces bons permettent à leurs détenteurs d'acheter des actions supplémentaires à 0,40 dollar par action dans un délai de trois ans.
Les fonds seront utilisés pour l'exploration des ressources et le fonds de roulement général. La participation des initiés de la société est attendue dans ce placement. Les titres seront soumis à une période de blocage statutaire de quatre mois selon la législation canadienne sur les valeurs mobilières, mais aucune période de blocage selon les politiques de la CSE.
Irving Resources (IRVRF) hat eine nicht vermittelte Privatplatzierung angekündigt, um etwa 1,31 Millionen US-Dollar durch die Ausgabe von Einheiten zu je 0,20 US-Dollar zu beschaffen. Jede Einheit besteht aus einer Stammaktie und einem übertragbaren Bezugsrecht auf den Kauf von Aktien. Die Bezugsrechte ermöglichen es den Inhabern, innerhalb von drei Jahren zusätzliche Aktien zu 0,40 US-Dollar je Aktie zu erwerben.
Die Erlöse werden für die Erkundung von Ressourcen und das allgemeine Betriebskapital verwendet. Es wird erwartet, dass Insider des Unternehmens an der Platzierung teilnehmen. Die Wertpapiere unterliegen einer viermonatigen gesetzlichen Sperrfrist gemäß kanadischem Wertpapierrecht, jedoch keiner Sperrfrist gemäß den CSE-Richtlinien.
- None.
- Small offering size of only $1.31 million indicates limited funding scope
- Significant 50% discount on current share price for warrant exercise at $0.20
- Potential dilution for existing shareholders
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / May 27, 2025 / Irving Resources Inc. (CSE:IRV)(OTCQX:IRVRF) ("Irving" or the "Company") is pleased to announce its intention to undertake a non-brokered private placement (the "Private Placement") to raise gross proceeds of approximately
The Company intends to apply the net proceeds from the Private Placement towards resource exploration properties in which Irving holds an interest and towards general working capital.
All securities issued by the Company under the Private Placement will be subject to a statutory hold period, in accordance with applicable Canadian securities laws, expiring four months after the date of issuance of the securities. The securities are not subject to a hold period under the policies of the Canadian Securities Exchange (the "CSE").
It is expected that insiders of the Company will participate in the Private Placement and that such participation will be exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. It is further expected that the material change report concerning the Company's intention to undertake the Private Placement will be filed less than 21 days before the closing date of the Private Placement, and the Company believes that it will be reasonable to do so because it will be prudent to close the Private Placement at the earliest possible opportunity.
About Irving
Irving is a junior exploration company with a focus on gold in Japan. Irving resulted from completion of a plan of arrangement involving Irving, Gold Canyon Resources Inc. and First Mining Finance Corp. 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
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States or to any "U.S Person" (as such term is defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information
Some statements in this news release may contain forward-looking information within the meaning of Canadian securities legislation including, without limitation, statements as to the Company's intention to complete, the anticipated size of, and the Company's intended use of proceeds from the Private Placement. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the mineral resource exploration industry, the availability to Irving of sufficient cash to fund any planned drilling and other exploration activities, as well as the performance of services by third parties. Any forward-looking information contained herein reflects the Company's current beliefs and is based on information currently available to the Company and on assumptions it believes are reasonable. These assumptions include, but are not limited to, that the board of directors of the Company will not determine that it is in the best interests of the Company to use the net proceeds from the Private Placement for a different purpose than as set out above. Except as required by law, the Company does not assume any obligation to update any forward-looking information in the event that the Company's beliefs or assumptions or other factors should change.
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE
SOURCE: Irving Resources Inc
View the original press release on ACCESS Newswire
FAQ
What is the size of Irving Resources (IRVRF) private placement announced on May 27, 2025?
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