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Irving Resources (CSE:IRV) closes non-brokered private placement

Mining
CSE:IRV
05 August 2022 09:00 (EDT)

Source: Irving Resources Inc.

Irving Resources (IRV) has raised gross proceeds of C$3,327,220 in a private placement with Sumitomo Corporation.

Irving Resources issued 2,705,056 common shares for $1.23 per share. All shares issued are subject to a statutory hold period expiring on December 5, 2022.

Net proceeds will fund exploration activities at Irving’s Omu project and an exploration and development alliance previously formed with Sumitomo.

Irving is an exploration company with a focus on gold in Japan. In 2016, Irving incorporated a wholly-owned subsidiary in Japan, Irving Resources Japan GK, which enables Irving to acquire and hold exploration and mining projects in Japan.

Irving Resources Inc. (IRV) opened trading at C$1.08.


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