Irving Resources Announces Closing of Non-Brokered Private Placement

Vancouver-based Irving Resources Inc. (CSE:IRV)(OTCQX:IRVRF) has announced the closing of its oversubscribed non-brokered private placement. This update follows the company's earlier announcement on June 14, 2024.

Irving issued 2,740,000 units at a price of $0.40 per unit, raising gross proceeds of $1,096,000. Each unit includes one common share and one-half of one transferable share purchase warrant. Each whole share purchase warrant allows the holder to buy one share at $0.55 for three years. All issued securities are subject to a hold period expiring on October 26, 2024. Finder's fees totaling $3,600 were paid for some subscriptions.

The material change report was filed less than 21 days before the private placement's closing. The company deemed this action prudent to finalize the placement quickly.