ICM Iconic Minerals Ltd

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Iconic Minerals Ltd. (the Company) (TSX VENTURE:ICM)(FRANKFURT:YQG) announces
that it has closed the private placement announced in a News Release dated
December 18, 2012. On January 25 and February 26, 2013 the Company received
acceptance from the TSX Venture Exchange to close the private placement. 


In accordance with the provisions of the Subscription Agreements, on February
27, 2013, the Company issued a total of 7,700,000 Units at $0.05 per Unit, each
Unit consisting of one common share and one share purchase warrant, each warrant
entitling the holder to purchase one (1) additional common share at $0.15 per
share on or before February 26, 2015, (provided that in the event that the
weighted average closing price of the Company's shares on the Exchange equals or
exceeds Cdn$0.25 during any 20 consecutive trading days commencing four (4)
months after the date of issuance of the Warrants, then the Company may within
30 days of such an occurrence give notice in writing to the holders of the
Warrants that the Warrants shall expire at 5:00 p.m. (Vancouver time) on the
20th business day following delivery of such notice unless exercised by the
holders of the Warrants prior to such time).


These shares and any shares issued on exercise of the warrants will be subject
to a hold period under applicable Canadian securities laws expiring on June 28,
2013, and will be subject to such further restrictions on resale as may apply
under applicable foreign securities laws. 


Richard Kern, Basil Pantages, and Jurgen Wolf, directors and/or officers of the
Company, have directly or indirectly subscribed for a total of 1,200,000 Units,
and upon closing of this private placement, those related parties may therefore
acquire an additional 2,400,000 shares in the capital stock of the Company
(including shares that may be issued on exercise of warrants issued in this
financing) which will increase their pro rata shareholdings in the Company (the
"Related Party Transaction"). All of the independent directors of the Company,
acting in good faith, have determined that the fair market value of the
securities being issued and the consideration paid is reasonable and, with the
value of the Related Party Transaction being less than 25% of the Company's
market capitalization, is exempt from the formal valuation and minority
shareholder approval requirements of Multilateral Instrument 61-101 Priority of
Minority Security Holders in Special Transactions.


On behalf of the Board of Directors

Richard Barnett, Chief Financial Officer

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.


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.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Iconic Minerals Ltd.
Richard Barnett
Chief Financial Officer
(604) 718-2800
(604) 718-2808 (FAX)
www.iconicmineralsltd.com

Grafico Azioni Iconic Minerals (TSXV:ICM)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Iconic Minerals (TSXV:ICM)
Storico
Da Giu 2023 a Giu 2024