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Enter Symbol
or Name
USA
CA



International Iconic Gold Exploration Corp
Symbol ICON
Shares Issued 101,325,432
Close 2023-12-07 C$ 0.025
Market Cap C$ 2,533,136
Recent Sedar+ Documents

International Iconic to sell 1M Bateria shares for $3M

2023-12-08 16:37 ET - News Release

Subject: Iconic Gold Sells Partial Interest in Bateria Metals Corp. Word Document File: '\\swfile\EmailIn\20231208 133110 Attachment 20231208 ICON - NR - Bateria Sale - Final.docx' TSX-V: ICON 1391-7173-2739, v. 1 TSX-V: ICON Iconic Gold Sells Partial Interest in Bateria Metals Corp. December 8, 2023, Vancouver, BC - International Iconic Gold Exploration Corporation ("Iconic Gold" or the "Company") (TSXV: ICON) is pleased to announce that on December 8, 2023, it entered into a share purchase Agreement (the "Share Purchase Agreement") with Pabs Consulting Inc. (the "Purchaser"), whereby the Company agreed to sell 1,000,000 common shares (the "Bateria Shares") in Bateria Metals Corp. ("Bateria") at a deemed price of $3.00 per share. As consideration, the Purchaser issued the Company a $3,000,000 promissory note (the "Promissory Note" and together the Share Purchase Agreement, the "Transaction"). Upon closing of the Transaction, the Company will still hold 1,000,000 common shares in Bateria Metals Corp. The Transaction is an arm's length transaction and is another step for the Company to continue on its path forward with a specific focus on its core gold assets. "The Company is happy to monetize its position in a non-core asset, which allow it to allocate the resources to its core gold projects," stated Robert Abenante, President and CEO of Iconic Gold. "The sale was strategically structured to allow the Company to monetize a portion of its holdings in the Bateria shares, while continuing to hold a position to share in any upside value of Bateria," continued Mr. Abenante. Promissory Note Pursuant to the terms of the Promissory Note, the Purchaser agrees to repay $3,000,000 on or before December 8, 2025 (the "Maturity Date"). The loan amount shall bear interest at 12% per annum, payable on the Maturity Date. The Purchaser may prepay the loan amount plus all accrued and unpaid interest at any time without penalty. About International ON BEHALF OF INTERNATIONAL ICONIC GOLD EXPLORATION CORP. "Rob Abenante" Robert Abenante, President & CEO Contact Information: Email: info@iconicgold.com Website: www.iconicgold.com For further information regarding International Iconic Gold Exploration Corp., please refer to the Company's filings available on SEDAR (http://www.sedar.com) or at ICON's Website. Disclaimer for Forward-Looking Information This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance are "forward-looking statements". Forward-looking statements in this news release include, but are not limited to, statements with respect to the Transaction; the Company's ability to monetize the Promissory Note, the Company's objectives, goals or future plan including allocating resources to its core gold projects; and the completion of the Transaction. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither 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.

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