VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 10, 2013) - Iconic Minerals Ltd. (TSX VENTURE:ICM)(FRANKFURT:YQG) announces that on April 8, 2013 it received acceptance from the TSX Venture Exchange to the acquisition of up to an 85% interest in the Yellow Lake Property, Quebec, pursuant to a Property Option Agreement (see News Release March 13, 2013).
In accordance with the terms of the Agreement, on April 10, 2013 Iconic issued 500,000 common shares at a deemed value of $0.05 per share, representing the first of four staged issuances of shares to be made over a period of five years under the Agreement. These shares are subject to a hold period under applicable Canadian securities laws expiring August 11, 2013.
On behalf of the Board of Directors
Richard Kern, Chief Executive Officer
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.
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Chief Executive Officer