Iron Creek Capital Corp. Arranges $1.0 Million Financing
07.05.2013 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - May 7, 2013) - Iron Creek Capital Corp. ("Iron Creek" or the "Company") (TSX VENTURE:IRN) is pleased to announce a non-brokered private placement of up to 16,666,667 units at $0.06 per unit. Each unit will be comprised of one common share (a "Share") and one-half of one non-transferable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase an additional Share at $0.10 for a period of two years.The Shares, and any Shares issued on the exercise of the Warrants, will be subject to customary securities legislation hold periods. There can be no assurance that the private placement will be completed as proposed or at all, and it is subject to a number of conditions, including the approval of the TSX Venture Exchange ("TSXV") and other applicable regulatory approvals.
The Company may, at its discretion and subject to TSXV approval, pay a finder's fee consisting of 6% units and 6% broker warrants, each broker warrant entitling the finder to purchase a Share at $0.10 for a period of two years.
The proceeds of the financing will be used for exploration of the Company's mineral projects in Chile and for general working capital purposes.
About Iron Creek
Iron Creek Capital Corp. is a Vancouver-based mineral exploration company engaged in the acquisition and exploration of precious and base metals projects in Chile.
ON BEHALF OF THE BOARD
Timothy J. Beale
President
Forward-Looking Statement
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Iron Creek Capital Corp. Actual results may differ materially from those currently anticipated in such statement.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Contact
Iron Creek Capital Corp.
Timothy J. Beale, President
604.687.5544
604.688.1157 (FAX)
info@ironcreekcapital.com
www.ironcreekcapital.com