Iconic Announces Amended Financing Terms

Core Viewpoint - Iconic Minerals Ltd. is proceeding with a non-brokered private placement to raise up to $3,750,000 for its exploration program and general working capital [1][2]. Group 1: Financing Details - The private placement will consist of up to 30,000,000 units priced at $0.125 per unit, each unit comprising one common share and one full common share purchase warrant [1]. - Each warrant allows the holder to purchase an additional common share at an exercise price of $0.17 for two years from issuance [1]. - If the company's shares trade at $0.35 or higher for 10 non-consecutive trading days, the company may accelerate the expiry of the warrants [1]. Group 2: Use of Proceeds - Proceeds from the financing will be allocated to drilling and advancing the exploration program on the New Pass gold property in Nevada, as well as for general working capital [2]. Group 3: Regulatory and Compliance Information - The financing is subject to the approval of the TSX Venture Exchange, and the company may pay finders' fees in accordance with TSXV rules [3]. - All securities issued will be subject to a four-month and one-day hold period in Canada [3].