CALGARY, ALBERTA -- (Marketwired) -- 11/26/14 -- Iberian Minerals Ltd., formerly Solid Resources Ltd. ("Company") (TSX VENTURE: IML)(OTCQB: SLDRF) announces it has received approval from the TSX Venture Exchange for the previously announced shares for debt transaction. The Company has settled the outstanding indebtedness of $70,260.62 to arm's- length parties through the issuance of 800,000 common shares of the Company at a deemed price of 8.8 cents per common share. The common shares issued in connection with the debt settlement are subject to a four month hold period that expires on March 22, 2015.
About Iberian Minerals
Iberian Minerals is a Canadian junior mining company focused in Spain on the exploration and development of rare and industrial metals. The Company is currently studying the re-opening of the Cehegin iron ore concessions in south-eastern Spain and is applying for an exploitation permit on its Alberta-1 tantalum/tin and lithium property in north-western Spain. For further information go to www.iberianminerals.ca.
Neither the 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.
Contacts:
Iberian Minerals Ltd.
Greg Pendura
President & CEO
780-800-0726
info@iberianminerals.ca
www.iberianminerals.ca
