Irving Resources Completes First Tranche of Private Placement

Irving Resources Inc., a junior exploration company, has announced the closure of the first tranche of its non-brokered private placement, raising $2,150,000. This was achieved through the issuance of 8,600,000 units at $0.25 each. Each unit comprises one common share and one-half of a share purchase warrant, with each warrant allowing the purchase of one share at $0.35 within three years. Two company directors, including the CEO, subscribed for 1,600,000 units, contributing $400,000. Finders' fees worth $9,600 were disbursed.

The company anticipates closing the rest of the private placement by the month's end. Securities issued in this tranche are subject to a hold period until June 12, 2026. Notably, this placement is not offered for sale in the United States.