Iconic Issues Second Staged Issuance of Shares Pursuant to Yellow Lake, Quebec Property Agreement & Announces Proposed 4:1 Co...
2014年4月4日 - 3:23AM
Marketwired
Iconic Issues Second Staged Issuance of Shares Pursuant to Yellow
Lake, Quebec Property Agreement and Announces Proposed 4:1
Consolidation
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 3, 2014) -
Iconic Minerals Ltd. (TSX-VENTURE:ICM)(FRANKFURT:YQG) announces
that In accordance with the terms of its Yellow Lake Property
Option Agreement (see News Releases March 13, 2013 and April 10,
2013), on April 2, 2014 the Company issued 1,000,000 common shares
at a deemed value of $0.05 per share to the Vendors, representing
the second of four staged issuances of shares to be made over a
period of five years under the Agreement. These shares are subject
to a hold period under applicable Canadian securities laws expiring
August 3, 2014.
Iconic further announces that it intends to consolidate its
share capital on 4 old shares for 1 new share basis, to be
implemented by the Company's Board of Directors in its discretion,
subject to receipt of acceptance from the TSX Venture Exchange
("TSX-V"). The Company does not intend to change its name in
connection with the consolidation.
The Board of Directors has approved the consolidation by consent
resolution dated April 2, 2014. The action is being undertaken to
improve on the current trading price for the Company's securities,
as it falls below the minimum price requirements for exempt
distribution (non-brokered private placements) as set out by TSX-V
corporate financing Policy 4.1.
The consolidation will affect all shareholders uniformly (except
for the treatment of post-consolidated fractional common shares)
and will not affect any shareholders' proportional ownership
interest in the Company. Any fractional common shares resulting
from the 4:1 consolidation will be rounded to the nearest whole
common share, with any fraction of 0.5 or above rounded up.
The Company will disseminate a further News Release upon receipt
of acceptance from the TSX-V, which will set out the Effective Date
for the consolidation.
On behalf of the Board of Directors
Richard Kern, Chief Executive Officer
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.
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.
Iconic Minerals Ltd.Richard KernChief Executive Officer(604)
336-8614(604) 718-2808www.iconicmineralsltd.com
Iconic Minerals (TSXV:ICM)
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過去 株価チャート
から 6 2023 まで 6 2024