- Irving Resources (IRV) has welcomed Crescat Capital LLC as lead strategic investor in a private placement of units
- Crescat agreed to invest $1 million 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 entitles the holder to purchase one common share at a price of $1.60 for a period of three years
- Irving is a junior exploration company with a focus on gold in Japan
- Irving Resources Inc opened the day’s trading at $0.99 per share
Irving Resources (IRV) has welcomed Crescat Capital LLC as lead strategic investor in the private placement of units.
Crescat will acquire 1 million units. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for $1.60 for a period of three years.
Following the private placement, Crescat will have an option to participate in future financings undertaken by the company to maintain its interest as long as Crescat holds more than one percent of the issued and outstanding common shares of Irving Resources.
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).
Irving Resources Inc. opened the day’s trading at $0.99 per share.