Irving Resources Reports Upsized Private Placement

Executive Summary

• Irving Resources Inc. upsized its non‑brokered private placement from $2 M to $4 M.
• Units will be sold at $0.25 each, each comprising one common share and half of a transferable warrant (exercise price $0.35).
• Gross proceeds are earmarked for exploration on Irving’s Japanese gold properties and general working capital.

Key Details

• Upsized Offering: Total target increased to $4,000,000 (previously $2,000,000).
• Unit Price: $0.25 per Unit.
• Unit Composition: 1 common share + ½ transferable Share purchase warrant.
• Warrant Terms: Each whole warrant allows purchase of one share at $0.35 for three years from issuance.
• Use of Proceeds: Funding resource exploration properties in Japan and general working capital.
• Hold Period: All securities subject to a four‑month hold period.
• Closing Structure: Placement may close in tranches; finder’s fees payable on certain subscriptions.

Notable Quotes

(No CEO/President quotes were included in the release.)