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Message: Iberian investor Trafigura buys 16.76 million shares

Iberian investor Trafigura buys 16.76 million shares

posted on Oct 21, 2009 08:43PM
Iberian Minerals Corp
Symbol IZN
Shares Issued 338,055,865
Close 2009-10-20 C$ 0.53
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Iberian investor Trafigura buys 16.76 million shares

2009-10-21 14:17 ET - News Release

An anonymous director of Trafigura reports

TRAFIGURA BEHEER B.V. HOLDINGS IN IBERIAN MINERALS CORP.

Iberian Minerals Corp.'s investor Trafigura Beheer B.V. has acquired 16,761,905 common share purchase warrants of Iberian, with each warrant being exerciseable into one common share of Iberian at a price of 52 cents per share, until Oct. 16, 2010. The warrants were issued pursuant to a bridge financing of up to $21-million (U.S.) by Trafigura to Minas de Aguas Tenidas S.A., a wholly owned subsidiary of Iberian, which bridge financing was announced by Iberian in its Oct. 2, 2009, press release in Stockwatch.

Trafigura now owns, or exercises control or direction over a total of 154,582,163 common shares, which represent approximately 45.73 per cent of the outstanding common shares. If all warrants are exercised, and assuming no further common shares are issued, Trafigura would hold 171,344,068 common shares, representing approximately 48.29 per cent of the then-outstanding common shares.

Trafigura holds its interest in Iberian for investment purposes.

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