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Ibero has CTO partially revoked, plans financing

By The Northwire Desk — AI Analysis Mar 30, 2026 · 18:49 IMC Ibero Mining Corp.

IMC · Price

Ibero Mining Corp. received a partial revocation order from the BCSC and confirmed its plan to raise up to $500,000 through a non‑brokered private placement of units.
Each unit will consist of one common share at C$0.03 plus one common share purchase warrant (exercise price C$0.08, 36‑month term).
Proceeds are earmarked for accounting/audit/legal fees, finder’s fees, exploration activities, and working capital to support the company’s effort to obtain a full revocation order.

Financing Structure: Non‑brokered private placement of units; each unit = 1 common share (C$0.03) + 1 purchase warrant (exercise C$0.08).
Gross Proceeds Target: Up to C$500,000.
Use of Proceeds:
Accounting, audit, legal and other professional fees – C$75,000
Finder’s fee – C$40,000
Exploration and evaluation activities – C$250,000
Unallocated working capital – C$135,000
Commission & Broker Warrants: Up to 8 % cash commission (intended ≤6 %) of gross proceeds; broker warrants up to 8 % of units sold (intended ≤6 %). Each broker warrant exercisable for one common share at C$0.08 for three years from issuance.
Closing Conditions: Subject to acceptance by the TSX Venture Exchange and customary closing conditions; securities subject to a statutory hold period of four months and one day, plus CTO and resale restrictions under Canadian law.
Regulatory Status: Partial revocation order granted on March 27 2026 (following earlier orders on Feb 11 and Mar 19 2026). Full revocation not guaranteed; common shares remain subject to the cease‑trade order until a full revocation is obtained.

No executive quotes were provided in the release.

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