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Financings

Irving Resources Reports Upsized Private Placement

By The Northwire Desk — AI Analysis Jan 26, 2026 · 07:00 IRV · 0.32 Irving Resources Inc.
IRV · Price

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.)

Read the original news release →

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