Core Points - International Prospect Ventures Ltd. has completed a non-brokered private placement offering for gross proceeds of $602,000 [1][2] - The offering consisted of 12,040,000 Units priced at $0.05 each, with each Unit including one common share and one non-transferable share purchase warrant [2] - The offering was oversubscribed by 40,000 Units, resulting in additional gross proceeds of $2,000 [2] Company Participation and Transactions - Four insiders participated in the offering, contributing a total of $256,000, which is classified as a Related Party Transaction [3] - The company utilized exemptions from formal valuation and minority shareholder approval requirements due to the transaction's fair market value being below $2,500,000 [3] Finder's Fees and Use of Proceeds - The company issued 265,200 common shares at a deemed price of $0.05 to an arm's length party as finder's fees, totaling $13,260 [4] - The net proceeds from the offering will be allocated for general corporate purposes [4] Securities and Hold Period - All securities issued under the offering are subject to a hold period until February 15, 2026, in accordance with applicable securities legislation [5] Company Overview - International Prospect Ventures is a junior mineral exploration company with interests in mining claims primarily located in the Pilbara Craton, Western Australia [6] - The company also holds a 100% interest in the Porcupine Miracle Gold Prospect, consisting of 4 mineral claims in Ontario [7] - The company is actively evaluating additional opportunities [7]