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Irving Resources Completes Non-Brokered Private Placement
VANCOUVER, British Columbia, Nov. 27, 2018 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) is pleased to announce the closing of
About this update from Irving Resources, Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 27, 2018 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) is pleased to announce the closing of the non-brokered private placement announced on November 20, 2018. The Company raised $2,083,802 by the issuance of 1,894,365 units (the “Units”) at a price of $1.10 per Unit (the “Private Placement”). Each Unit is comprised of one common share of the Company and one-half of a share purchase warrant (the “Warrants”). Each whole Warrant is exercisable for one common share of the Company at a price of $1.75 per share for a period of two years from the date of issue, subject to an accelerated expiry provision. The Company plans to use the net proceeds of the Private Placement to fund matters related to property exploration in Japan and for general working capital purposes. The securities issued under the Private Placement are subject to a four month hold period. About Irving Resources Inc.: Irving is a junior exploration company with a focus on gold in Japan. Irving also holds, through a subsidiary, Project Venture Agreements with Japan Oil, Gas and Metals National Corporation (JOGMEC) for joint regional exploration programs in the United Republic of Tanzania, the Republic of Malawi and the Republic of Madagascar. JOGMEC is a government organization established under the law of Japan, administrated by the Ministry of Economy, Trade and Industry of Japan, and is responsible for stable supply of various resources to Japan through the discovery of sizable economic deposits of base, precious and rare metals. Additional information can be found on the Company’s website: www.IRVresources.com. Akiko Levinson, President & Director THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE. Forward-looking informationSome statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, the statement as to the planned use of the net proceeds of the Private Placement. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results,...