NEWS.......
ICN Announces Issuance of Shares Under the Acquisition of Silver Cliff Property
https://www.marketwire.com/press-release/icn-announces-issuance-of-shares-under-the-acquisition-of-silver-cliff-property-tsx-venture-icn-1609004.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2012) - ICN Resources Ltd. ("ICN" or the "Company") (TSX VENTURE:ICN) is pleased to announce that further to the Company's news release of December 19, 2011, the Company has received approval from TSX Venture Exchange on a property option agreement dated December 13, 2011 (the "Agreement") between the Company and David Cooper Knight and Debra Jane Knight as trustees of the David C. and Debra J. Knight Living Trust (the "Vendor"), whereby ICN has been granted an option to acquire a 100% interest in 35 unpatented claims in the Silver Cliff property, located in Custer county, Colorado.
Pursuant to the Agreement, ICN has issued 150,000 common shares in the capital of the Company (the "Shares") to the Vendor at a deemed price of
.23 per Share. These Shares are subject to a statutory hold period expiring on May 12, 2012.