- Ivor Exploration has announced a non-brokered private placement for gross proceeds of up to $10 million
- The company will issue up to 10,000,000 units priced at $1.00 per unit
- The net proceeds will be used primarily for drilling and geophysics on the Apex project, Nevada
- Ivor Exploration is a resource exploration company
- Ivor Exploration Inc. (IVOR) opened trading at C$1.28 per share
Ivor Exploration has announced a non-brokered private placement for gross proceeds of between $5 million and $10 million.
The company will issue up to 10,000,000 units priced at $1.00 per unit. Each unit will consist of one common share and one-half of one transferable share purchase warrant. Each warrant is exercisable for one additional share at a price of $1.85 for a period of 12 months from the date of closing.
The net proceeds will be used for drilling and geophysics on the Apex project, Nevada, and for general working capital purposes.
All securities issued will be subject to a four-month hold period from the date of issuance.
Closing of the offering is subject to the receipt of all necessary approvals, including the approval of the CSE.
Ivor Exploration is a resource exploration company focused on developing new energy resources. The company recently acquired an option to purchase a 100-per-cent interest in the Apex project, Nevada, recognized as Nevada’s largest past-producing uranium mine.
Ivor Exploration Inc. (IVOR) opened trading at C$1.28 per share.
