IRELAND INC. (OTCMKTS:IRLD) Files An 8-K Unregistered Sales of Equity Securities
ITEM 3.02
| Unregistered Sales of Equity Securities. |
On March 28, 2017, Ireland Inc. (the Company) completed the sale
of 28,119,123 shares of its common stock at a price of $0.08 per
share for gross proceeds of $2,249,530. An additional 21,250,000
shares of the Companys common stock was issued to Nanominerals
Corp. in settlement of $1,700,000 in amounts owed by the Company
to Nanominerals. The shares were issued and sold in reliance upon
the exemption from the registration requirements of the
Securities Act of 1933, as amended (the Securities Act), provided
by Rule 506(b) on the basis that each of the purchasers is an
accredited investor as defined in Rule 501(a) of the Securities
Act and the Company did not engage in any general solicitation or
general advertising in connection with the offering.
Attached as exhibit 99.1 to this report in a copy of the Companys
news release dated March 29, 2017 regarding the private placement
financing.
| ITEM 9.01 | Financial Statements and Exhibits. |
| (d) |
Exhibits |
| Exhibit Number | Description of Exhibit |
| 99.1 | News release dated March 29, 2017. |
About IRELAND INC. (OTCMKTS:IRLD)
Ireland Inc. is an exploration-stage mineral exploration company. The Company is focused on the discovery and extraction of precious metals from mineral deposits in the Southwestern United States. Its Columbus Project is a sediment hosted gold and silver exploration project located in western Nevada. It comprises approximately 470 unpatented placer federal mining and millsite claims on Bureau of Land Management (BLM) land, which covers over 23,418 acres and an additional over 80 acres of private land, for a total of approximately 23,500 acres. It includes a permitted and operational pilot plant and mine site. Its area of interest approximates 2,000 acres on the west side of its project claims. The mineral claims that make up the Columbus Project are located in the Columbus Salt Marsh, Esmeralda County, Nevada, northwest of Coaldale Junction, approximately 50 miles west of Tonopah halfway between Las Vegas and Reno. IRELAND INC. (OTCMKTS:IRLD) Recent Trading Information
IRELAND INC. (OTCMKTS:IRLD) closed its last trading session down -0.014 at 0.133 with 178,600 shares trading hands.