Tuesday, 02 January 2024 12:17 GMT

International Prospect Ventures Announces Over-Subscription To Private Placement Financing


(MENAFN- Newsfile Corp) Val-d'Or, Québec--(Newsfile Corp. - September 25, 2025) - International Prospect Ventures Ltd. (TSXV: IZZ) (the "Company") announces that, further to its news release of September 24, 2025, it has increased the size of its previously announced non-brokered private placement offering such that it will issue up to 12,000,000 Units at a per Unit price of $0.05 for gross proceeds of up to $600,000 (instead of 7,000,000 Units for gross proceeds of up to $350,000, as previously announced). Each Unit will consist of one common share in the capital of the Company and one non-transferable share purchase warrant entitling the holder thereof to acquire one common share of the Company at a per share price of $0.07 for a period of 36 months from the closing date.

The offering is subject to acceptance by the TSX Venture Exchange. The proceeds raised from this offering will be used by the Company for general corporate purposes. 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 tenements (and is continuing to acquire additional interests) located primarily in the Pilbara Craton, Western Australia, within an area Southeast of Karratha, where 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.

International Prospect Ventures continues to evaluate additional opportunities on an ongoing basis.

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