Business
International Prospect Ventures Announces $450,000 Private Placement Financing
Val-d'Or, Quebec--(Newsfile Corp. - May 20, 2020) - International Prospect Ventures Ltd. (TSXV...
About this update from International Prospect Ventures Ltd
[{"type":"text","content":"International Prospect Ventures Announces $450,000 Private Placement FinancingVal-d'Or, Quebec--(Newsfile Corp. - May 20, 2020) - International Prospect Ventures Ltd. (TSXV: IZZ) (the \"Company\") announces that it will conduct a non-brokered private placement offering pursuant to which it will issue up to 5,000,000 Units at a per Unit price of $0.09 for gross proceeds of up to $450,000 (the \"Offering\"). Each Unit will consist of one common share in the capital of the Company and one non-transferable share purchase warrant, each warrant entitling the holder to purchase one common share at a per share price of $0.13 for two years from the closing of the offering, subject to accelerated expiry in certain circumstances.The Offering is subject to acceptance by the TSX Venture Exchange. Finder's fees in amounts to be determined may be payable to persons who introduce the Company to subscribers to the offering. The proceeds raised from this offering will be used by the Company to explore the Wits End Prospect in the Pilbara Craton, Western Australia, and to evaluate additional properties and NSR royalties, and for general corporate purposes. All securities issued will be subject to a hold period of four months and one day from the date of closing of the offering in accordance with applicable securities legislation and the policies of the TSX Venture Exchange.About International Prospect Ventures Ltd. International Prospect Ventures is a junior mineral exploration company that holds 100% interests in 8 mining properties located in the Pilbara of Western Australia, within an area southeast of Karratha, where several new early-stage to advanced gold discoveries have been reported. The Company is continuing to review additional properties and NSR royalty interests.The Company also has a 100% interest in the Porcupine Miracle Gold Prospect, located in Langmuir Township, near Timmins, Ontario.For additional information, please contact:Glenn J. MullanPresident2864 chemin SullivanVal-d'Or, Québec J9P 0B9Tel.: 819-824-2808, x 204Email: [email protected]: www.iprospectventures.ca Forward Looking Statements:This news release contains certain statements that may be deemed \"forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identifie...