Mr. Shashank Bhatt reports
ICON ACQUIRES EXPLORATION RIGHTS OVER GINETTE PROPERTY AND COMPLETES UNIT FINANCING
Further to its news release dated March 31, 2026, International Iconic Gold Exploration Corp. has issued an aggregate of 3.95 million common shares of the company at a deemed price of 15 cents per share to the optionors of the Ginette mining property, located in the province of Santa Cruz, Argentina. In exchange, the company has been granted the right to explore the property for a period of three years. The consideration shares are subject to the following resale restrictions: 50 per cent are subject to a four-month-and-one-day hold period; 25 per cent are subject to a six-month hold period; and the remaining 25 per cent are subject to an eight-month hold period.
Pursuant to the company's option and exploration agreement with the property optionors, dated March 30, 2026, the company holds an option to acquire 100 per cent of the mining rights respecting the property upon payment of $1-million (U.S.) in cash to Samco S.A., an optionor, within the first three years of the effective date of the agreement, which payments must be made as follows: $5,000 (U.S.) within 12 months; $5,000 (U.S.) within 24 months; and $990,000 (U.S.) within 36 months from the effective date of the agreement. If the option is exercised, the optionors will retain a 1-per-cent net smelter royalty (the NSR) on the sale value of all minerals produced and products obtained from the mining and processing of minerals from the property, for the life of the deposit, subject to the company's right to acquire 100 per cent of the NSR at any time within the first two years of commercial production for $1-million (U.S.). For further details respecting the property, the agreement and the purchase option granted thereunder, please see the company's news release dated March 31, 2026.
Financing
The company also announces that it has successfully closed its previously announced non-brokered private placement of units for aggregate gross proceeds of $100,000. Through the financing, the company issued one million units at a price of 10 cents per unit. Each unit consists of one common share of the company and one transferable common share purchase warrant, each warrant exercisable at 12 cents for a period of 36 months following the closing of the financing. The company intends to use the proceeds from the financing as follows: $5,000 toward exploration at Ginette; $6,300 toward exchange filing fees; $50,000 toward accrued general and administrate expenses; and $38,700 toward exploration at the company's San Roque, Fontana and Lago Fontana projects. All securities issued in connection with the financing are subject to a four-month-and-one-day hold period. No finders' fees were paid in connection with the financing.
About
International Iconic Gold Exploration Corp.
International Iconic Gold Exploration is a Canadian precious metals exploration company focused on the acquisition, exploration, and development of gold and silver assets. The company is managed by an experienced team of mining and capital markets professionals committed to creating shareholder value through disciplined asset selection, responsible exploration and transparent corporate governance.
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