EDMONTON, ALBERTA--(Marketwired - Jan. 5, 2017) - Iberian Minerals Ltd. (the "Company" or "Iberian") (TSX
VENTURE:IML)(OTCQB:SLDRF) announces that it has applied to the TSX Venture Exchange for approval to extend the expiry dates on
two sets of warrants.
- Warrants Expiring on February 14, 2017
The Company is proposing to extend the expiry date of 7,000,000 common share purchase warrants that were issued as part of a
non-brokered private placement completed by the Company in August 2013. The Warrants are exercisable for common shares of Iberian
at a price of $0.15 per share and will currently expire at 4:30 p.m., Edmonton, Alberta time on February 14, 2017. The warrants
are subject to an accelerated expiry clause stating that if at any time the closing price (or closing bid price on days when
there are no trades) of the Company's common shares on the TSX Venture Exchange exceeds $0.25 for any 10 consecutive trading
days, the warrant holder may be given notice that the warrants will expire 30 days following the date of such notice. The Company
is proposing to extend the expiry date of the warrants by an additional twelve (12) months to 4:30 p.m., Edmonton, Alberta time
on February 14, 2018.
All other terms and conditions of the warrants, including the exercise price, will remain the same. The proposed extension of
the expiry is conditional upon the receipt of Exchange approval. Additional details of the warrants are provided in Iberian's
press releases dated August 14, 2013, July 15, 2015 and January 29, 2016.
- Warrants Expiring on March 6, 2017
The Company is proposing to extend the expiry date of the remaining 2,685,000 common share purchase warrants that were issued
as part of a non-brokered private placement completed by the Company in March 2015. The Warrants are exercisable for common
shares of Iberian at a price of $0.10 per share and will currently expire at 4:30 p.m., Edmonton, Alberta time on March 6, 2017.
The warrants are subject to an accelerated expiry clause stating that if at any time the closing price (or closing bid price on
days when there are no trades) of the Company's common shares on the TSX Venture Exchange exceeds $0.125 for any 10 consecutive
trading days, the warrant holder may be given notice that the warrants will expire 30 days following the date of such notice. The
Company is proposing to extend the expiry date of the warrants by an additional twelve (12) months to 4:30 p.m., Edmonton,
Alberta time on March 6, 2018.
All other terms and conditions of the warrants, including the exercise price, will remain the same. The proposed extension of
the expiry is conditional upon the receipt of Exchange approval. Additional details of the warrants are provided in Iberian's
press release dated March 6, 2015.
About Iberian Minerals
Iberian Minerals is a Canadian junior mining company positioned for growth through the partnership of advanced cash flow
mining opportunities utilizing the Mineworx environmentally friendly mineral processing technologies. In addition the Company is
undertaking strategic alliances with its Spanish minerals assets.
For further information, go to www.iberianminerals.ca.
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.