22:06:47 EDT Wed 15 May 2024
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or Name
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International Iconic Gold Exploration Corp
Symbol ICON
Shares Issued 101,325,432
Close 2023-07-17 C$ 0.015
Market Cap C$ 1,519,881
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Int'l Iconic closes asset sale to Bateria for shares

2023-07-17 17:28 ET - News Release

Mr. Robert Abenante reports

ICONIC GOLD COMPLETES SALE OF NON-CORE ASSETS

Further to the news release dated June 23, 2023, International Iconic Gold Exploration Corp. has completed the sale of multiple non-core assets being Las Aguilas I, Las Aguilas II, Marco Antonio, Virorco and Carachi Pamoa IV to a private corporation, Bateria Metals Corp., in exchange for securities of Bateria.

"This sale marks another significant milestone for the company as we continue to strategically focus our efforts on our core gold properties," stated Iconic Gold chief executive officer Robert Abenante. "This divestment is the final step in selling the non-core assets in our portfolio. Iconic Gold remains committed to delivering value to our shareholders by focusing our resources on our flagship gold assets."

Pursuant to the terms of the agreement, the company has sold to Bateria its 95-per-cent interest in Autumn Resources SA, which holds legal and beneficial title to, or an option to acquire legal and beneficial title to, all the concessions, in exchange for two million common shares in the capital of Bateria at a deemed price of $3 per share for a deemed transaction value of $6-million.

The transaction is an arm's-length transaction and is another step for the company continuing on its path forward with a specific focus on its core gold assets.

We seek Safe Harbor.

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