Iberian Minerals Completes Shares for Debt Transaction
CALGARY, ALBERTA--(Marketwired - Apr 24, 2015) - Iberian Minerals Ltd. ("Company") (TSX VENTURE:IML)(OTCQB:SLDRF) announces it has received approval from the TSX Venture Exchange for the previously announced shares for debt transaction. The Company has settled the outstanding indebtedness of $47,250.00 to arm's-length parties through the issuance of 859,090 common shares of the Company at a deemed price of $0.055 per common share. The common shares issued in connection with the debt settlement are subject to a four month hold period that expires on August 18, 2015.
About Iberian Minerals
Iberian Minerals is a Canadian junior mining company focused in Spain. The Company is currently studying the reopening of the Cehegin iron ore concessions in south-eastern Spain and is in 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.