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Iconic Announces Amended Financing Terms
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICE...
About this update from Iconic Minerals Ltd
[{"type":"text","content":"Iconic Announces Amended Financing TermsNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICESVancouver, British Columbia--(Newsfile Corp. - January 5, 2026) - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: ICMFF) (FSE: YQG) (the \"Company\" or \"Iconic\") announces that the Company will be proceeding with its previously announced non-brokered private placement (see news release dated October 17, 2025) on amended terms. Under the amended terms, the non-brokered private placement will consist of up to 30,000,000 units (each, a \"Unit\") at a price of $0.125 per Unit for gross proceeds of up to $3,750,000 (the \"Financing\"). Each Unit will consist of one common share and one full common share purchase warrant (\"Warrant\"), each Warrant entitling the holder thereof to purchase one additional common share at an exercise price of $0.17 per share for a period of two (2) years from the date of issuance. In the event that the Company's common shares trade at a closing price of $0.35 per common share or greater for a minimum period of 10 non-consecutive trading dates commencing four months from the closing of the Financing, then the Company may accelerate the expiry date of the Warrants by providing notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.Proceeds raised will be used toward expenditures required for drilling and advancement of the Company's exploration program on its New Pass gold property in Nevada, 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 Venture Exchange (the \"TSXV\"), and all securities issued in the Financing are subject to a four-month and a day hold period in Canada. Closing of the Financing will be subject to the approval of the TSXV.The securities offered have not been and will not be registered under the United States Securities Act of 1933 (the \"U.S. Securities Act\"), as amended, or any applicable state securities laws and may not be offered or sold in the United States or to \"U.S. persons\", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from the registration requirements. T...