- The company will issue up to 4,000,000 units at $0.15 per unit for gross proceeds of up to $600,000
- Proceeds from the offering will be used primarily for exploration work across the Pilbara “Wits End Project” exploration projects
- All securities issued will be subject to a hold period of four months and one day
- International Prospect Ventures is a junior mineral exploration company
- International Prospect Ventures Ltd. (IZZ) is unchanged, trading at C$0.15 per share at 10:15 am ET
International Prospect Ventures (IZZ) will conduct a non-brokered private placement offering. The company will issue up to 4,000,000 units at $0.15 per unit for gross proceeds of up to $600,000. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.20 for 36 months from the date of issuance of the securities.
The offering is subject to acceptance by the TSX Venture Exchange.
Proceeds from the offering will be used for exploration work across the company’s Pilbara “Wits End Project” exploration projects near Marble Bar and Nullagine in Western Australia as well as for new royalty and project acquisitions within Australia.
All securities issued will be subject to a hold period of four months and one day from the date of closing in accordance with applicable securities legislation and the policies of the TSX Venture Exchange.
International Prospect Ventures is a junior mineral exploration company that holds interests in mining claims located in the Pilbara, Western Australia, southeast of Karratha, where multiple early-stage gold discoveries have been reported.
The company also has a 100% interest in the Porcupine Miracle Gold Prospect, consisting of 4 mineral claims located in Langmuir Township, Ontario and a 100% interest in the Beartooth Island Uranium Prospect, near Uranium City, Saskatchewan.
International Prospect Ventures Ltd. (IZZ) is unchanged, trading at C$0.15 per share at 10:15 am ET.