Irving Resources Closes Oversubscribed Private Placement

Irving Resources Inc., based in Vancouver, BC, announced the successful closure of its oversubscribed non-brokered private placement. The fundraising effort garnered gross proceeds of $1,333,000 through the issuance of 6,665,000 units priced at $0.20 each. Each unit comprises one common share and one transferrable share purchase warrant, enabling the purchase of an additional share at $0.40 within three years.

Company insiders, including three directors, invested in 675,000 units, contributing $135,000 to the proceeds. Crescat Capital LLC, a significant institutional shareholder, also participated. The funds are earmarked for resource exploration and general working capital needs.

The issued securities are bound by a statutory hold period until October 7, 2025. Irving Resources underscores that these securities are not registered for use in the United States.