Irving Resources Reports Closing of Non-Brokered Private Placement with Strategic Investor
IRVING RESOURCES INC.
999 Canada Place, Suite 404
Vancouver, B.C., Canada V6C 3E2
February 20, 2020
NEWS RELEASE
Irving Resources Reports Closing of Non-Brokered Private Placement
with Strategic Investor
Vancouver, British Columbia, February 20, 2020 (Globe Newswire) – Irving Resources Inc. (CSE:IRV)
(“Irving” or the “Company”) reports that the private placement with Newmont Corporation (“Newmont”)
announced in the Company’s news release of February 13, 20 20 has closed. Gross proceeds of
US$4,000,000 (approximately CDN$5,266,800) were raised through the issuance of 1,400,744 common
shares of Irving. The shares issued in this private placement are subject to a hold period in Canada expiring
on June 20, 2020.
The funds from this private placement have been allocated as to US$3,600,000 towards exploration on the
Company’s Omu project in Hokkaido, Japan and US$400,000 towards the alliance formed between Irving
and an affiliate of Newmont to identify and, if designated by Newmont’s affiliate, jointly exploit mineral
exploration opportunities throughout 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 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 and 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, CEO & Director
For further information, please contact:
Tel: (604) 682 -3234 Toll free: 1 (888) 242 -3234 Fax: (604) 971-0209
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS
RELEASE.
Forward-looking information
Some statements in this news release may contain forward-looking information within the meaning of Canadian securities legislation.
Forward-looking statements address 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 from any future resu lts,
performance or achievements expressed or implied by the statements and in this news release include, without limitation, as to the
intended use of proceeds from the current private placement. Such factors include, without limitation, customary risks of the mineral
resource exploration industry.