Vancouver, British Columbia--(Newsfile Corp. - January 15, 2018) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF)
(FSE: YQGB) announces the negotiation of a private placement for gross proceeds of up to $2,805,000 (the "Financing"), subject to
acceptance by the TSX Venture Exchange. These funds will be raised by the Company issuing up to 11,000,000 units (the "Units"), at
a price of $0.255 per Unit, each Unit consisting of one common share and one-half share purchase warrant, each whole warrant
entitling the holder thereof to purchase one additional common share, exercisable for a period of two (2) years from the date of
issuance at a price of $0.40 per share in the first year and $0.60 per share in the second year.
Proceeds raised will be used toward expenditures required for the Bonnie Claire lithium Property, and for general working
capital purposes.
The Company may pay finders' fees in connection with the Financing in accordance with the rules and policies of the TSX-V.
Insiders may participate for up to 4,500,000 Units from the Financing.
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
The securities referred to in this news release have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit
of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any
securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed
information about the company and management, as well as financial statements.
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.
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
