New Issue: Ireland concludes $2.99 million private placement of common-share units

By Devika Patel

Knoxville, Tenn., Oct. 14 - Ireland, Inc. settled a $2.99 million private placement of units on Friday, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 6,645,000 units of one common share and one half-share warrant at $0.45 per unit.

Each warrant is exercisable at $0.75 per share until June 30, 2012.

Located in Blaine, Wash., Ireland is a mineral exploration company.

Issuer:	Ireland, Inc.
Issue:	Units of one common share and one half-share warrant
Amount:	$2,990,250
Units:	6,645,000
Price:	$0.45
Warrants:	One half-share warrant per unit
Warrant expiration:	June 30, 2012
Warrant strike price:	$0.75
Settlement date:	Oct. 9
Stock symbol:	OTCBB: AOLS
Stock price:	$0.50 at close Oct. 9
Market capitalization:	$44.6 million

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