International Prospect Ventures Ltd. announced a non-brokered private placement for issuance of up to 6,000,000 units at a per of CAD 0.05 per unit for gross proceeds of up to CAD 300,000 on March 18, 2024. Each unit will consist of one common share 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 CAD 0.07 for two years from the date of issuance of the securities. The offering is subject to acceptance by the TSX Venture Exchange.

The transaction included participation from directors and/or officers of the company. Finder's fees in amounts to be determined may be payable to persons who introduce the company to subscribers to the offering. 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.