Iconic Minerals Ltd. (TSXV:ICM) announced a private placement of up to 11,000,000 units at a price of CAD 0.255 per unit for gross proceeds of CAD 2,805,000 on January 15, 2018. Each unit consisting of one common share and one-half share purchase warrant, each whole warrant entitling the holder thereof purchase one additional common share, exercisable for a period of two years from the date of issuance at a price of CAD 0.40 per share in the first year and CAD 0.60 per share in the second year. Insiders may participate for up to 4,500,000 units from the transaction. The Company may pay finders' fees in connection with the financing in accordance with the rules and policies of the TSX Venture. The transaction is subject to acceptance by the TSX venture exchange.