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VANCOUVER, British Columbia, April 17, 2026 (GLOBE NEWSWIRE) — Ibero Mining Corp. (TSX.V:IMC) (OTCQB:AUCCF) (“Ibero” or the “Company”) is pleased to announce that, further to its news releases dated February 12, 2026 and March 30, 2026, and further to the partial revocation order granted by the British Columbia Securities Commission (“BCSC”) on February 11, 2026, and variation orders granted by the BCSC on February 11, 2026, March 19, 2026 and March 27, 2026 (collectively, the “Partial Revocation Order”), it has closed the non-brokered private placement by the issuance of 16,666,667 units in the capital of the Company (“Units”) at a price of $0.03 per Unit for aggregate gross proceeds of $500,000. Each Unit consists of one common share of the Company (“Common Share”) and one common share purchase warrant entitling the holder to purchase one Common Share at an exercise price of $0.08 for a period of thirty-six months from the closing date (the “Private Placement”).
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In connection with the Private Placement, the Company paid eligible third parties dealing at an arm’s length, a cash fee of $11,690 and issued an aggregate of 393,000 broker warrants (each, a “Broker Warrant”), with each Broker Warrant exercisable to acquire one Common Share at an exercise price of $0.08 for a period of three years from the date of issuance thereof.
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The Units sold pursuant to the Private Placement will be subject to a four month hold period pursuant to securities laws in Canada.
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The Company will use the net proceeds of the Private Placement for general working capital and to prepare and file all outstanding continuous disclosure documents, and subsequently apply for and obtain a full revocation order. The proceeds of the Private Placement will namely be applied towards the following: (i) accounting, audit and legal fees associated with the preparation and filing of the relevant continuous disclosure documents; (ii) payment of the finder’s fee in connection with the Private Placement; (iii) exploration and evaluation activities, and (iv) unallocated working capital as set out in the Partial Revocation Order:
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| Description | Estimated Amount | |
| Accounting, audit, legal and other professional fees | $75,000 | |
| Payment of Finder’s Fees | $40,000(1) | |
| Exploration and evaluation activities | $250,000 | |
| Unallocated working capital | $135,000 | |
| Total | $500,000 | |
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Note:
(1) The estimated amount indicated in the Partial Revocation Order. The aggregate amount paid is $11,690 as disclosed in this news release.
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The Private Placement remains subject to the final approval of the TSX Venture Exchange (the “TSXV”).
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Furthermore, the Company wishes to clarify that $8,825 of the gross proceeds from its private placement, which closed on March 4, 2026 as announced in a news release of the Company dated April 28, 2025, was paid to non-arm’s length parties of the Company. Such amounts were paid on account of fees related to management and rent.
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This news release does not constitute an offer to sell or a solicitation of an offer to sell any Units in the United States. The securities to be sold in the Private Placement have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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