ICN RESOURCES LTD 
By
Thu Jan 19, 2012
ICN Announces Issuance of Shares Under the Acquisition of Silver Cliff Property
ICN Announces Issuance of Shares Under the Acquisition of Silver Cliff Property
ICN Resources Ltd. ("ICN" or the
"Company") (TSX.V:ICN) is pleased to announce that
further to the Company's news release of December 19,
2011, the Company has received approval from TSX Venture
Exchange on a property option agreement dated December 13,
2011 (the "Agreement") between the Company and
David Cooper Knight and Debra Jane Knight as trustees of the
David C. and Debra J. Knight Living Trust (the
"Vendor"), whereby ICN has been granted an option
to acquire a 100% interest in 35 unpatented claims in the
Silver Cliff property, located in Custer county,
Colorado.
Pursuant to the Agreement, ICN has issued 150,000 common shares in the capital of the Company (the "Shares") to the Vendor at a deemed price of $0.23 per Share. These Shares are subject to a statutory hold period expiring on May 12, 2012.
About ICN Resources
ICN is primarily focused on exploration for volcanic-hosted precious metal deposits in western Nevada, emphasizing targets with geological similarities to Sleeper, Sandman, Hollister, Midas and Aurora. ICN plans to explore the feeder zones associated with large low-grade gold and silver systems, as well as explore for high grade deposits at the new Goldfield Bonanza Project located in western Nevada. ICN continues to evaluate opportunities in established metallogenic belts elsewhere in the United States. The ICN management and geological team have extensive experience in Nevada and worldwide, utilizing this experience to generate prime opportunities for ICN shareholders.
On Behalf of the Board of Directors of ICN Resources Ltd.,
"Carl Hering"
Carl Hering
President & CEO
For further information, please contact Tasso Baras at 1-877-738-3882 or 604-738-3882.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Pursuant to the Agreement, ICN has issued 150,000 common shares in the capital of the Company (the "Shares") to the Vendor at a deemed price of $0.23 per Share. These Shares are subject to a statutory hold period expiring on May 12, 2012.
About ICN Resources
ICN is primarily focused on exploration for volcanic-hosted precious metal deposits in western Nevada, emphasizing targets with geological similarities to Sleeper, Sandman, Hollister, Midas and Aurora. ICN plans to explore the feeder zones associated with large low-grade gold and silver systems, as well as explore for high grade deposits at the new Goldfield Bonanza Project located in western Nevada. ICN continues to evaluate opportunities in established metallogenic belts elsewhere in the United States. The ICN management and geological team have extensive experience in Nevada and worldwide, utilizing this experience to generate prime opportunities for ICN shareholders.
On Behalf of the Board of Directors of ICN Resources Ltd.,
"Carl Hering"
Carl Hering
President & CEO
For further information, please contact Tasso Baras at 1-877-738-3882 or 604-738-3882.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Press Releases item: Mon Dec 19, 2011, ICN Resources Announces Acquisition of Silver Property Located in Historic Mining District, Share Issuance and Loan
| distribué par | Ce noodl a été diffusé par ICN Resources Ltd. et initialement mise en ligne sur le site http://www.icnresources.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-20 19:10:35 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
