Mr. Timothy Beale reports
IRON CREEK ARRANGES $1.0 MILLION FINANCING
Iron Creek Capital Corp. has arranged a non-brokered private placement of up to 16,666,667 units at six cents per unit. Each unit will be composed of one common share and one-half of one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase an additional share at 10 cents for a period of two years.
The shares, and any shares issued on the exercise of the warrants, will be subject to customary securities legislation hold periods. There can be no assurance that the private placement will be completed as proposed or at all, and it is subject to a number of conditions, including the approval of the TSX Venture Exchange and other applicable regulatory approvals.
The company may, at its discretion and subject to TSX Venture Exchange approval, pay a finder's fee consisting of 6 per cent units and 6 per cent broker warrants, each broker warrant entitling the finder to purchase a share at 10 cents for a period of two years.
The proceeds of the financing will be used for exploration of the company's mineral projects in Chile and for general working capital purposes.
We seek Safe Harbor.
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