Ibero Mining Corp (TSX-V:IMC) has arranged a non-brokered private placement of up to $500,000, offering up to 16,666,667 units at $0.03 each.
Each unit includes one common share and one warrant exercisable at $0.08 for 36 months.
The proceeds will be used to advance exploration and development work on the company’s mineral properties in Portugal and to strengthen its overall financial position.