Iconic Gold Increases Ownership in Minas San Roque SA

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
EXPLORATION CORP.


Per: “Rob Abenante”
Robert Abenante
President & CEO


www.iconicgold.com


For further information, please contact:
Robert Abenante
Phone: 236-258-0279
Email: info@iconicgold.com


Neither 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.

Share post: