Ireland, Inc. (OTCBB:IRLD) announced a private placement of 8,896,901 shares at $0.65 per share for gross proceeds of $5,782,985.65 with institutional and individual accredited investors on November 30, 2012. The company will also issue 8,896,901 warrants exercisable at $0.95 per share till November 29, 2016. Steven A. Klein subscribed for 215,284 shares for gross proceeds of $140,000 in the transaction and was allotted 215,384 warrants and Irene Horn Trust subscribed for 307,692 shares for gross proceeds of $200,000 and was allotted 307,692 warrants. Craig-Hallum Capital Group LLC acted as exclusive placement agent for the transaction and received a cash fee plus expenses of $335,000. The company received net proceeds of $5,411,491. O'Neill Law Group PLLC served as legal advisor to the company. The securities were issued pursuant to Regulation D. Each party shall pay the fees and expenses of its advisors, counsel, accountants and other experts, if any and all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery, and performance of the agreement. The company shall pay all transfer agent fees, stamp taxes, and other taxes and duties levied in connection with the delivery of any securities. The agreement may be terminated by any purchaser, as to such purchaser's obligations hereunder only and without any effect whatsoever on the obligations between the company and the other purchasers, if the closing has not been consummated on or before December 31, 2012, provided however, that such termination will not affect the right of any party to sue for any breach by any other party. Ellenoff Grossman & Schole LLP represents the placement agent of the company.

On November 30, 2012, Ireland, Inc closed the transaction.