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Iconic Minerals Ltd. Receives Final Acceptance to Close Non-Brokered Private Placement for Gross Proceeds of $3,750,000
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - Iconic Minerals Ltd. (TS...
About this update from Iconic Minerals Ltd
[{"type":"text","content":"Iconic Minerals Ltd. Receives Final Acceptance to Close Non-Brokered Private Placement for Gross Proceeds of $3,750,000Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: ICMFF) (FSE: YQG) (the \"Company\" or \"Iconic\") announces that the Company has received final acceptance from TSX Venture Exchange (the \"TSXV\" or \"Exchange\") with its previously announced non-brokered private placement (see news release dated January 5, 2026) which consisted of offering up to 30,000,000 units (each, a \"Unit\") at a price of $0.125 per Unit for aggregate proceeds of up to $3,750,000 (the \"Financing\"). Each Unit consisted of one common share and one 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 (the \"Warrant Acceleration Clause\"). The Warrant holder cannot hold or exercise, whether individually or jointly with any Associates, Affiliates, or other persons on an undiluted basis greater than 9.9% of the Company's issued and outstanding shares without submitting a PIF for Exchange review.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.Certain eligible finders (the \"Finders\") will be paid in connection with the Financing in accordance with policies of the TSXV to a total of $57,881 payable in cash and a total of 463,000 Finders' warrants. Each Finder's warrant is exercisable to acquire one common share of the Company at $0.17 per share for a period of two (2) years from the date of issuance and shall include the Warrant Acceleration Clause terms.All securities issued in the Financing are subject to a four...