TORONTO, ONTARIO--(Marketwire - Sept. 13, 2012) -
NOT FOR DISTRIBUTION IN AUSTRALIA, JAPAN OR THE UNITED STATES
Iberian Minerals Financing SA, a wholly-owned subsidiary of Iberian Minerals Corp. (TSX VENTURE:IZN) ("Iberian" or the "Company") announces the offering of US$200 million Senior Secured Notes, due in 2017. Iberian Minerals Corp. is a diversified base metals company with mining operations in Spain and Peru. Principal activities are the mining, processing and sale of copper, zinc and lead concentrates.
Minimum denominations of the Notes will be US$200,000. Application has been made for the Notes to be included on the official list of the Luxembourg Stock Exchange and admitted for trading on the Euro MTF market. The Notes will not be available for sale in any jurisdiction in Canada or to subscribers resident in Canada.
The funds raised will be used to finance capital expenditures and other investments for Iberian owned mines and processing operations.
About Iberian Minerals Corporation
Iberian Minerals Corp. is a Swiss corporation involved in mining and development of base metal deposits in Spain and Peru. The Condestable and Raul Mines, located in Peru approximately 90 km south of Lima operate at 2.4 million tons per year producing copper, and associated silver and gold in a concentrate. The Aguas Tenidas Mine in the Andalucia region of Spain, approximately 110 km north-west of Seville, operates a 2.2 million tons per year underground mine and concentrator that produces copper, zinc and lead concentrates that also contains silver.
Iberian Minerals Corp. has offices in Lucerne (Switzerland), Seville (Spain) and Lima (Peru). The Company is listed on the TSX Venture Exchange. The Company's registered office is at Falkengasse 3, 6004, Lucerne, Switzerland. Iberian Minerals Financing SA is incorporated in Luxembourg.
FORWARD LOOKING STATEMENTS:
This news release contains certain "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward looking information may include, but is not limited to, statements with respect to the future financial or operating performances of the Company, its subsidiaries and their respective projects, the timing and amount of estimated future production, estimated costs of future production, capital, operating and exploration expenditures, the future price of copper, gold and zinc, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the costs and timing of future exploration, requirements for additional capital, government regulation of exploration, development and mining operations, environmental risks, reclamation and rehabilitation expenses, title disputes or claims, and limitations of insurance coverage. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct.
Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include changes in market conditions and other risk factors discussed or referred to in the section entitled "Risk Factors" in the Company's annual information form dated March 30, 2011. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Important Regulatory Notice
This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or any other jurisdiction.
These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Company does not intend to register any part of the offering in the United States or to conduct a public offering of Shares in the United States. The Notes will be offered and sold in the United States only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States to certain non-U.S. persons in accordance with Regulation S under the Securities Act.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement. The distribution of this announcement into jurisdictions other than Luxembourg may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
In connection with the issuance of Notes, the stabilizing manager may over-allot the Notes or effect transactions with a view to supporting the market price of the Notes, in each case at a level higher than that which might otherwise prevail. However, there is no assurance that such stabilizing manager (or persons acting on behalf of such stabilizing manager) will undertake such stabilization actions. Any stabilization action may begin on or after the date on which adequate public disclosure of the final terms of the offer of the Notes is made and, if begun, may be ended at any time, but must end no later than the earlier of 30 calendar days after the issue date of the notes and 60 calendar days after the date of the allotment of the Notes.
This document is an advertisement for purposes of applicable measures implementing Directive 2003/71/EC.
Stabilization/FSANeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.