Richard Ray Kern, CEO and Director, acquired 2,500,000 Common Shares on a direct ownership basis at a price of $0.050 through a private transaction on June 29th, 2020. The insider also acquired 2,500,000 Warrants with exercisable for two years. This represents a $125,000 investment into the company's shares and an account share holdings change of 36.6%.
Two other insiders also participated in the financing in smaller amounts.
Iconic Minerals is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.
Iconic Minerals Ltd. is a mineral exploration company. The Company is focused on acquiring and exploring gold and lithium properties in Nevada, and uranium and gold properties in Canada. Its property portfolio also consists of uranium, polymetallic and diamond, exploration and evaluation assets located in the Athabasca Basin in Saskatchewan. The Company's the United States properties include New Pass; Squaw Creek; Hercules Project, and Bonnie Claire Lithium Project. The New Pass property holds interest in certain unpatented mining claims located in Churchill County, Nevada. Its Squaw Creek property holds interest in certain unpatented mining claims located in Elko County, Nevada. The Hercules Project is located in the Como Mining District, Lyon County, Nevada, approximately 10 kilometers east of the Comstock Mine. Its Bonnie Claire Lithium project has over 920 claims comprising approximately 18,400 acres. Its Canada properties include Four Lakes, Saskatchewan, and Yellow Lake, Quebec.
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