Home / Mining Company News Releases (Unreviewed) / Iconic Announces Review by BC Securities Commission of Content of PowerPoint Presentation on the Company’s Website and Recent MD&A

Iconic Announces Review by BC Securities Commission of Content of PowerPoint Presentation on the Company’s Website and Recent MD&A

Vancouver, British Columbia–(Newsfile Corp. – March 28, 2018) – Iconic Minerals Ltd. (TSXV: ICM) (FSE: YQGB) (the Company or Iconic), as a result of a review by the British Columbia Securities Commission (BCSC), is issuing the following news release to clarify and expand its disclosure in its November 30, 2017 Management Discussion and Analysis (“MD&A“).

The Company clarified that its Smith Creek and Hercules projects have not met payment and expenditure requirements but that the Company is in the process of finalizing renegotiations to extend the payment and expenditure requirement’s due dates. The optionor in both projects has agreed that the contracts are still in good standing during the renegotiations.

The Company intends that funds raised in the currently announced private placement will be used to meet these obligations. The revised MD&A also includes specific disclosure of the payment and expenditure obligations, and the expiry dates of each project’s claims.

As well, the Company expanded its disclosure in the Summary of Quarterly Financial Results section and the Internal Controls section of the MD&A.

Finally, the related party disclosure section has been amended to include further details relating to the specific purpose of fees charged to the Company, the companies related to directors and officers, and the length of any agreements relating to fees.

On behalf of the Board of Directors

SIGNED: “Richard Barnett

Richard Barnett, CFO
Contact: (604) 336-8614

For further information on ICM, please visit our website at www.iconicmineralsltd.com
The Company’s public documents may be accessed at www.sedar.com

Neither the 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.

 

Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://www.newsfilecorp.com/release/33740/Iconic-Announces-Review-by-BC-Securities-Commission-of-Content-of-PowerPoint-Presentation-on-the-Companys-Website-and-Recent-MDA. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

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