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Iconic Minerals Ltd.

09:50 AM EST - Iconic Minerals Ltd. : Received on May 30 conditional acceptance from the TSX Venture Exchange to close the first tranche of its private placement. In accordance with the provisions of Subscription Agreements, on June 2, 2016 the Company issued a total of 13,525,000 Units at a price of $0.20 per Unit, each Unit being comprised of one common share and one-half share purchase warrant, each whole warrant being exercisable into one common share on or before June 1, 2018 at $0.30 per share. Iconic Minerals Ltd. shares V.ICM are trading unchanged at $0.32.