International Prospect Ventures Announces $600,000 Private Placement Financing
International Prospect Ventures Announces
$600,000 Private Placement Financing
Val-d'Or, Quebec--(Newsfile Corp. - May 10, 2021) -
International Prospect Ventures Ltd.
(TSXV:
IZZ) (the "Company") announces that it will conduct a non-brokered private placement offering pursuant
to which it will issue up to 4,000,000 Units at a per Unit price of $0.15 for gross proceeds of up to
$600,000
(the “Offering”). Each Unit will consist of one common share in the capital of the Company and
one-half of one non-transferable share purchase warrant, each whole warrant entitling the purchase of
one common share at a per share price of $0.20 for 36 months from the date of issuance of the
securities, subject to accelerated expiry in certain circumstances.
The Offering is subject to acceptance by the TSX Venture Exchange.
Finder's fees in amounts to be
determined may be payable to persons who introduce the Company to subscribers to the offering. The
proceeds raised from this offering will be used by the Company for exploration work across the
Company's Pilbara "Wits End Project" exploration projects near Marble Bar and Nullagine in Western
Australia as well as for new royalty and project acquisitions within Australia.
All securities issued will be
subject to a hold period of four months and one day from the date of closing of the offering in accordance
with applicable securities legislation and the policies of the TSX Venture Exchange.
About International Prospect Ventures Ltd.
International Prospect Ventures is a junior mineral exploration company that holds interests in mining
claims (and is continuing to acquire additional interests) located in the Pilbara, Western Australia, within
an area Southeast of Karratha, where multiple early-stage gold discoveries have been reported.
The Company also has a 100% interest in the Porcupine Miracle Gold Prospect, consisting of 4 mineral
claims located in Langmuir Township, Ontario and a 100% interest in the Beartooth Island Uranium
Prospect, near Uranium City, Saskatchewan
International Prospect Ventures continues to evaluate additional opportunities.
For additional information, please contact:
Martin Walter
President/CEO
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 819-824-2808
Email:
Website:
www.iprospectventures.ca
Forward-Looking Statements:
This news release contains certain statements that may be deemed "forward-looking statements".
Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should"
occur. Although the Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of future performance and
actual results or realities may differ materially from those in forward-looking statements. Forward-looking
statements are based on the beliefs, estimates and opinions of the Company's management on the date
the statements are made. Except as required by law, the Company undertakes no obligation to update
these forward-looking statements in the event that management's beliefs, estimates or opinions, or other
factors, should change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO
SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE
SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND
MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS
REGISTERED OR EXEMPT THEREFROM.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/83407