Irving Resources Inc. (CSE:IRV)(OTCQX:IRVRF)(FSE:1IR) is excited to announce the successful closure of the second tranche of its non-brokered private placement, as previously disclosed in announcements made on January 22 and 26, 2026. The company has raised gross proceeds totaling $1,775,000 through the issuance of 7,100,000 units, priced at $0.25 each.
This brings the total gross proceeds from the entire private placement to $3,925,000, with a cumulative issuance of 15,700,000 units. Each unit consists of one common share and one-half of a transferable share purchase warrant, with each full warrant allowing the holder to purchase one share at $0.35 for three years from the issuance date.
In connection with Tranche 2, the Company has also compensated finders with fees totaling $51,600 and issued 86,400 Finders' Units. Each Finders' Unit includes one share and one-half of a non-transferable share purchase warrant, also exercisable at $0.35 for three years.
All securities issued in this tranche are subject to a hold period expiring on June 25, 2026. As a junior exploration firm, Irving focuses primarily on gold exploration in Japan and emerged from a strategic arrangement involving Irving, Gold Canyon Resources Inc., and First Mining Finance Corp. More details are available on the Company's website: www.IRVresources.com.
For further inquiries, please contact:
Tel: (604) 682-3234
Toll free: 1 (888) 242-3234
Fax: (604) 971-0209
Email: info@IRVresources.com
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or to any “U.S. Person” as defined in Regulation S under the U.S. Securities Act of 1933. The securities have not been registered under the U.S. Securities Act or any state securities laws and cannot be offered or sold within the U.S. or to U.S. Persons unless registered or exempt from registration.
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