Business
Iconic Provides Corporate Update Re: OTCQB Trading Status
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2023) - Iconic Minerals Ltd. (TSXV: ICM)...
About this update from Iconic Minerals Ltd
[{"type":"text","content":"Iconic Provides Corporate Update Re: OTCQB Trading StatusVancouver, British Columbia--(Newsfile Corp. - July 18, 2023) - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: BVTEF) (FSE: YQGB) (the \"Company\" or \"Iconic\") the Company would like to provide a corporate update regarding its trading status on the OTCQB. In connection with the Company's recent plan of arrangement (the \"Arrangement\") with Nevada Lithium Resources Ltd., (see News Release July 10, 2023) as part of the Arrangement, the Company was required to amend its authorized share structure, whereby all of the issued and unissued common shares in the capital of Iconic were renamed and redesignated as \"Class A common shares without par value\" (the \"Iconic Common Shares\") and a new class consisting of an unlimited number of \"common shares without par value\" was created with terms and special rights and restrictions identical to those of the Iconic Common Shares immediately prior to the effective time of the Arrangement. Following the Iconic Share Exchange all of the issued Iconic Common Shares were cancelled and the authorized share structure of Iconic was altered by eliminating the Iconic Common Shares. Due to this recent deletion and establishment of the new security under its new CUSIP number (the \"New CUSIP\") as is standard under an establishment of a New CUSIP, Iconic is required to submit a new Form 211 to FINRA in order to resume trade under its New CUSIP. The Company has initiated the completion of the Form 211 and expects to resume trading on the OTCQB in the near future. For clarification, the Company's New CUSIP Number is: 450959101 and its new ISIN Number is: CA4509591018.On behalf of the Board of DirectorsSIGNED: \"Richard Barnett\"Richard Barnett, CFOContact: Keturah Nathe, VP Corporate Development (604) 336-8614For further information on Iconic, please visit our website at www.iconicminerals.com. The Company's public documents may be accessed at www.sedar.com.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.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements and forward-looking information (collectively, \"forward-looking statements\") within ...