Iconic Gold Increases Ownership in Minas San Roque SA
Vancouver, BC – International Iconic Gold Exploration Corp (“Iconic Gold” or the “Company“) announces that it has entered into a share purchase agreement dated November 3, 2021 (the “Share Purchase Agreement“) with NovaGold Argentina Inc. (“NovaGold“) and Marifil S.A. (“Marifil“), pursuant to which NovaGold has sold all of the shares of Minas San Roque S.A., that it owned to Marifil in consideration for $2,000,000 payable to Marifil as follows:
(a) by payment of $250,000 on November 3, 2021
(b) by delivery of a promissory note for $750,000 which is repayable on or before November 1, 2022, and
(c) by delivery of a promissory note for $1,000,000 which is repayable on or before November 1, 2023.
In connection with the Share Purchase Agreement, the Company has agreed to guarantee the payment obligations of Marifil.
INTERNATIONAL ICONIC GOLD
Per: “Rob Abenante”
President & CEO
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