Irving Resources Reports a Letter of Intent with Sumitomo Corporation
Retrieved on:
Thursday, September 5, 2019
VANCOUVER, British Columbia, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (Irving or the Company) is pleased to report that it has signed a letter of intent with Sumitomo Corporation to engage in discussions concerning potential business transactions including, but not limited to, investment in Irving and joint venture of Irvings assets.
Key Points:
- VANCOUVER, British Columbia, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (Irving or the Company) is pleased to report that it has signed a letter of intent with Sumitomo Corporation to engage in discussions concerning potential business transactions including, but not limited to, investment in Irving and joint venture of Irvings assets.
- Such discussions are inclusive of Newmont Goldcorp Corporation, an existing large shareholder of Irving.
- Sumitomo Corporation and Newmont Goldcorp Corporation have established a long-term working relationship having advanced a number of mining projects beginning with the Batu Hijau mine, Indonesia, approximately 23 years ago, Commented Akiko Levinson, President and Director of Irving.
- We are very excited to have an open door to discuss ways Sumitomo Corporation might join Newmont Goldcorp Corporation to support Irvings efforts to explore for gold in Japan.