Ireland Inc. (OTCPK:IRLD) announced a private placement of 28,119,123 shares at a price of $0.08 per share for gross proceeds of $2,249,530 on March 28, 2017. The transaction included participation from 40 investors including returning investors, Birnie Douglas, Chief Executive Officer, for 500,000 shares for proceeds of $2,065,000, Brennan Mark, director of the company for 250,000 shares for proceeds of $540,000, and other long-term investors. The company issued securities pursuant to exemption provided under Regulation D.