Iconic Announces Equity Financing Up to $1,500,000
02 Março 2012 - 2:15PM
Marketwired Canada
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Iconic Minerals Ltd. (TSX VENTURE:ICM)(FRANKFURT:YQG) announces that it has
negotiated, subject to acceptance by the Exchange, a private placement for gross
proceeds of up to $1,500,000. These funds will be raised by the Company issuing
up to 20,000,000 Units (the "Units") at a price of $0.075 per Unit, each Unit
consisting of one common share and one share purchase warrant, each warrant
entitling the holder thereof to purchase one additional common share,
exercisable for a period of two years from the date of issuance at a price of
$0.15 per share in the first year and $0.25 per share in the second year.
Proceeds raised from the private placement will be used towards exploration and
development of the Company's Hercules Project in Lyon County, Nevada, and for
general working capital purposes.
The Company may pay finders' fees in connection with the private placement in
accordance with the rules and policies of the TSX Venture Exchange.
On behalf of the Board of Directors
Richard Barnett, Chief Financial Officer
For further information on ICM, please visit our website at
www.iconicmineralsltd.com.
The Company's public documents may be accessed at www.sedar.com.
The securities referred to in this news release have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration or an applicable exemption
from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale,
nor a solicitation for offers to buy any securities. Any public offering of
securities in the United States must be made by means of a prospectus containing
detailed information about the company and management, as well as financial
statements.
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