Iconic Announces Review by BC Securities Commission of Content of PowerPoint Presentation on the Company’s Website and Recent MD&A
ICONIC MINERALS LTD.
Suite 303, 595 Howe Street
Vancouver, B.C. V5C 2T5
Phone: (604) 336-8614 Fax: (604) 718-2808
NEWS RELEASE
Iconic Announces Review by BC Securities Commission of Content of PowerPoint
Presentation on the Company’s Website and Recent MD&A
March 28, 2018 – Iconic Minerals Ltd. (the Company or Iconic) ((TSX-V: ICM) (FSE: YQG), as a result
of a review by the British Columbia Securities Commission (BCSC), is issuing the following news
release to clarify and expand its disclosure in its November 30, 2017 Management Discussion and
Analysis (“MD&A”).
The Company clarified that its Smith Creek and Hercules projects have not met payment and expenditure
requirements but that the Company is in the process of finalizing renegotiations to extend the payment
and expenditure requirement’s due dates. The optionor in both projects has agreed that the contracts are
still in good standing during the renegotiations.
The Company intends that funds raised in the currently announced private placement will be used to meet
these obligations. The revised MD&A also includes specific disclosure of the payment and expenditure
obligations, and the expiry dates of each project’s claims.
As well, the Company expanded its disclosure in the Summary of Quarterly Financial Results section and
the Internal Controls section of the MD&A.
Finally, the related party disclosure section has been amended to include further details relating to the
specific purpose of fees charged to the Company , the companies related to direc tors and officers, and the
length of any agreements relating to fees.
On behalf of the Board of Directors
SIGNED: “Richard Barnett”
Richard Barnett, CFO
Contact: (604) 336-8614
For further information on ICM, please visit our website at www.iconicmineralsltd.com
The Company’s public documents may be accessed at www.sedar.com
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.