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| Home : Iberian Minerals Announces Non-Brokered Private Placement |
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Nov 29
2016 |
Iberian Minerals Announces Non-Brokered Private Placement |
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EDMONTON, ALBERTA--(Marketwired - Nov. 28, 2016) - Iberian Minerals Ltd. (the ``Company`` or "Iberian") (TSX VENTURE:IML)(OTCQB:SLDRF) announces that it intends to proceed with a non-brokered private placement offering of units ("Units") at a subscription price of Cdn $0.05 per Unit. Each Unit will consist of one (1) common share in the capital of Iberian Minerals and one (1) common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one (1) common share in the share capital of the Corporation (a "Warrant Share") at a price of $0.10 at any time prior to 4:30 p.m. (Edmonton time) on the date that is twenty four (24) months from the date of the issuance of the Units, subject to earlier termination in the event that the closing price (or closing bid price on days when there are no trades) of the common shares on the TSX Venture Exchange exceeds $0.15 for 10 consecutive trading days, then upon the Corporation sending subscribers written notice of such date and issuing a news release announcing such date, the Warrant will only be exercisable for a period of 30 days following the date on which such written notice is sent to the subscribers. The amount to be raised is up to Cdn, $1,000,000 for a total of 20,000,000 shares. |
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| Source:http://www.marketwired.com/mw/release.do?id=2178765&sourceType=3 |
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