Irving Resources Inc. announced a non-brokered private placement of CAD 3,000,000 consisting of 3,000,000 units at a price of CAD 1 per unit on June 20, 2022. The transaction will included participation from new lead investor Crescat Portfolio Management LLC for proceeds of CAD 1,000,000. Each unit consists of one common share and one-half of one common share purchase warrant, each whole warrant entitling the holder to purchase one common share at a price of CAD 1.60 for a period of three years.

It is expected that the concurrent placement will close concurrently with the 2022 Newmont Placement.