Irving Resources Upsizes Private Placement to $4 Million

Vancouver-based Irving Resources Inc. has announced an increase in its non-brokered private placement from $2 million to $4 million. This capital is designated primarily for exploration activities in properties of interest and for general working capital. The funds will be raised through the issuance of units priced at $0.25 each. Each unit comprises one common share and half of a transferable share purchase warrant, with the entire warrant allowing a share purchase at $0.35, valid for three years.

All issued securities under this placement will be subject to a four-month holding period. The placement may conclude in multiple stages, with potential finder's fees applicable for certain subscriptions. This offering is not open to U.S. investors, following existing legal constraints.