Core Viewpoint - Irving Resources Inc. plans to raise approximately $2,000,000 through a non-brokered private placement by issuing units at a price of $0.25 per unit, each consisting of one common share and one-half of a share purchase warrant [1] Group 1: Private Placement Details - The private placement will consist of units priced at $0.25, with each unit including one common share and one-half of a share purchase warrant [1] - Each warrant will allow the holder to purchase one share at a price of $0.35 for three years from the issuance date [1] - The net proceeds will be allocated towards resource exploration properties and general working capital [2] Group 2: Insider Participation and Regulatory Aspects - There may be insider participation in the private placement, which will be exempt from certain valuation and minority shareholder approval requirements [3] - A material change report related to the private placement is expected not to be filed at least 21 days before the closing, which the company considers reasonable for timely closure [3] Group 3: Company Overview - Irving is a junior exploration company focused on gold in Japan, formed through a plan of arrangement involving multiple entities [4]