International Prospect Ventures Ltd. announced that it has received CAD 0.5 million in funding from Gold Royalty Corp., and other investors
December 07, 2022
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On December 8, 2022, International Prospect Ventures Ltd. closed the transaction.
The TSX Venture Exchange has accepted for filing with respect to the transaction. The transaction included participation from 17 placees, including existing insider involvement for 4.44 million common shares for proceeds of CAD 222,000 and total one pro group involvement for 700,000 common shares. The company paid cash finder's fees in the amount of CAD 1,250 and issued 25,000 finder's warrants exercisable at a price of CAD 0.075 until December 8, 2023, to an arm's length finder. All securities issued under the Offering, including common shares underlying the warrants, are subject to a hold period until April 9, 2023, in accordance with applicable securities legislation and the policies of the TSX Venture Exchange.
Gold Royalty Corp. is a Canada-based gold-focused royalty company offering financing solutions to the metals and mining industry. The Company acquires royalties, streams and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium and longer-term returns for its investors. Its diversified portfolio consists primarily of net smelter return royalties on gold properties located in the Americas. The Company's diversified portfolio consists of approximately 221 royalties located in mining jurisdictions throughout the Americas, producing, developing, advanced-exploration and early-exploration staged properties. Its royalties include Isabella Pearl, Granite Creek, Edna Mountain, Bald Mountain, Hammond Reef South, Princesse Annie, Hunter Mine Group, Entre Deux Lacs, Calamity, Winnie Lake, Perestroika Ouest, Lac Lemoyne, Harricana Fault, Blue Mountain, Bejopipa, Bench Depth, Amikougami, Aquilon, Casault, Des Meloizes, Fancamp, and among others.