CA - International Prospect Ventures announces C$0.5M private placement financing

• International Prospect Ventures ( OTCPK:URANF ) has announced a non-brokered private placement offering issuing up to 10M units at a per unit price of C$0.05 for gross proceeds of up to C$0.5M.
• Each unit will consist of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant.
• Each whole warrant entitles holder to purchase one common share at a per share price of $0.075 for the first 12 months from the date of issuance of the securities and $0.10 for the remaining 12 months thereafter.
• The proceeds will be used for general corporate purposes and the advancement of the Company's gold tenements located in Western Australia.

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