Irving Resources Completes Non-Brokered Private Placement with Strategic Investor
IRVING RESOURCES INC.
999 Canada Place, Suite 404
Vancouver, BC, Canada V6C 3E2
April 24, 2019
NEWS RELEASE
Irving Resources Completes Non-Brokered
Private Placement with Strategic Investor
Vancouver, British Columbia , April 24, 2019 (Globe Newswire ) – Irving Resources Inc. (CSE:IRV)
(“Irving” or the “ Company”) is pleased to announce that is has closed the non-brokered equity private
placement (the “ Financing”) with Newmont Goldcorp Corporation (“Newmont Goldcorp”) announced
on April 23, 2019 . The Financing raised gross proceeds of US$6,000,000 by the issuance of 3,715,630
common shares of the Company at a price of US$1.6148 (approx. CDN$2.16) per common share.
The proceeds from the Financing will be used as follows: 1) US$5,400,000 for exploration on the
Company’s Omu Project in Hokkaido, Japan, and 2) US$600,000 for the formation of an alliance between
Irving, its Japanese subsidiary and Newmont Exploration Pty Ltd. ( “Newmont Goldcorp Australia”),
whereby the parties will work together to identify and, if designate d by Newmont Goldcorp Australia,
jointly exploit mineral exploration opportunities throughout Japan (the “Alliance”).
The common shares issued under the Financing will be subject to a four -month hold period and may not
be traded in Canada until August 25, 2019 except in accordance with applicable securities laws.
“We are happy to close a strategic equity placement with Newmont Goldcorp,” commented Dr. Quinton
Hennigh, director of Irving. “ Initial indications from our 2019 Omu drill program look promising, and
this funding will allow us to aggressively explore this exciting gold project. We look forward to working
with Newmont Goldcorp Australia’s technical staff as we make Irving a formidable exploration company
in Japan.”
About Irving Resources Inc.:
Irving is a junior exploration company with a focus on gold in Japan. Irving also holds, through a
subsidiary, a Project Venture Agreement with Japan Oil, Gas and Metals National Corporation
(JOGMEC) for joint regional exploration programs in Republic of Malawi . JOGMEC is a government
organization established under the law of Japan, administrated by the Ministry of Economy, Trade an d
Industry of Japan, and is responsible for stable supply of various resources to Japan through the discovery
of sizable economic deposits of base, precious and rare metals.
Additional information can be found on the Company’s website: www.IRVresources.com.
Akiko Levinson,
President & Director
For further information, please contact:
Tel: (604) 682 -3234 Toll free: 1 (888) 242 -3234 Fax: (604) 6 41-1214
Forward-looking information
Some statements in this news release may contain forward -looking information within the meaning of Canadian securities
legislation. Forward-looking statements add ress future events and conditions and, as such, involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements to be materially different fr om
any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation,
customary risks of the mineral resource exploration industry as well as Irving having sufficient cash to fund any planned drilling
and other exploration activities.
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS
RELEASE.