International Prospect Ventures Closes $602,000 Private Placement Financing

About this update from International Prospect Ventures Ltd

International Prospect Ventures Closes $602,000 Private Placement FinancingVal-d'Or, Québec--(Newsfile Corp. - October 14, 2025) - International Prospect Ventures Ltd. (TSXV: IZZ) (the "Company" or "International Prospect") announces that, further to its news releases of September 24 and September 25, 2025, it has completed a non-brokered private placement offering (the "Offering") for gross proceeds of $602,000.The Company issued 12,040,000 Units under the Offering at a per Unit price of $0.05, each Unit comprised of one common share in the capital of the Company and one non-transferable share purchase warrant entitling the purchase of one common share at a per share price of $0.07 until October 14, 2028.The Offering was oversubscribed by 40,000 Units for additional gross proceeds of $2,000 from the amount previously announced by the Company on September 25, 2025.Four insiders of the Company participated in the Offering for aggregate cash consideration to the Company of $256,000, which constitutes a Related Party Transaction under TSX Venture Exchange Policy 5.9. The Company availed itself of the exemptions contained in section 5.5(c) of MI 61-101 (distribution of securities for cash) for an exemption from the formal valuation requirement and Section 5.7(1)(b) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the securities to be distributed in the transaction, and the consideration to be received by the Company for those securities, insofar as the transaction involves interested parties that did not exceed $2,500,000.In connection with the Offering, the Company issued an aggregate 265,200 common shares at a deemed per share price of $0.05 to an arm's length party in satisfaction of an aggregate $13,260 in finder's fees from proceeds received from subscribers introduced to the Company by the finder, and issued 265,200 finder's warrants exercisable at a price of $0.07 until October 14, 2028.The net proceeds raised from the Offering will be used by the Company for general corporate purposes. All securities issued under the Offering, including the common shares underlying the warrants and finder's warrants, are subject to a hold period until February 15, 2026, in accordance with applicable securities legislation and the policies of the TSX Venture Exchange.About International Prosp...

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