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Iberian Minerals Corp.

12:10 PM EST - Iberian Minerals Corp. : announced that an agreement has been entered into with Corianta S.A., a subsidiary of Cementos Pacasmayo S.A.A., member of Hochschilds Group to purchase all remaining interest in the Raul Mine. The purchase price is $28 million U.S., and is to close by March 31, 2010. Iberian Minerals Corp. shares V.IZN are trading down $0.005 at $0.45.