Iberian Minerals Announces Early Redemption of Non-Convertible Secured Debentures
CALGARY, ALBERTA--(Marketwired - Apr 15, 2015) - Iberian Minerals Ltd. (the "Company") (TSX VENTURE:IML)(OTCQB:SLDRF) is pleased to announce that on March 3, 2015, the Company has delivered notice for the early redemption of the aggregate principal amount of $625,000 of non-convertible secured debentures plus accrued interest. The debentures which were previously announced on November 17, 2014 mature on October 31, 2015 and bear interest at the rate of 15 per cent per year. All interest on the debentures shall cease from and after the Redemption Date of March 3, 2015. As a result the Company will experience immediate cost saving benefits by the elimination of this debt from its balance sheet.
About Iberian Minerals
Iberian Minerals is a Canadian junior mining company focused in Spain. The Company is currently studying the re-opening of the Cehegin iron ore concessions in south-eastern Spain and is the process of evaluating a number of additional resource assets throughout Spain. 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.
Contact
Iberian Minerals Ltd.
Greg Pendura, President & CEO
Ph: 780-800-0726
info@iberianminerals.ca