(January 15, 2018) – Iconic Minerals Ltd. (TSX‑V: ICM / FSE: YQGB / OTC: BVTEF) announces the negotiation of a private placement for gross proceeds of up to $2,805,000 (the “Financing”), subject to acceptance by the TSX Venture Exchange.  These funds will be raised by the Company issuing up to 11,000,000 units (the “Units”), at a price of $0.255 per Unit, each Unit consisting of one common share and one-half share purchase warrant, each whole warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of two (2) years from the date of issuance at a price of $0.40 per share in the first year and $0.60 per share in the second year.

Proceeds raised will be used toward expenditures required for the Bonnie Claire lithium Property, and for general working capital purposes.

The Company may pay finders’ fees in connection with the Financing in accordance with the rules and policies of the TSX-V.

Insiders may participate for up to 4,500,000 Units from the Financing.

On behalf of the Board of Directors


SIGNED: “Richard Barnett

Richard Barnett, CFO

Contact: (604) 336-8614

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.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact

 

Contact Form

About

Iconic Minerals Ltd is an exploration company focused on acquiring and exploring precious metal and Lithium projects in North America, primarily in Nevada, USA.

Address

303 - 595 Howe Street
Vancouver BC V6C 2T5 Canada
Phone: +1 604 336 8614

www.iconicmineralsltd.com