Iconic Gold delists from TSXV, cuts debt with San Roque deal

International Iconic Gold Exploration Corp. said Aug. 18, 2026 that it has voluntarily delisted from the TSX Venture Exchange and is moving to reduce debt through a San Roque transaction in Argentina. The company says the changes are meant to lower costs, improve its balance sheet and support future capital raising for exploration.

Why it matters: - Iconic Gold is trying to reset its finances after years of debt pressure and thin trading liquidity. - The company says a lighter cost structure and a smaller debt load should make it easier to fund exploration and eventually raise capital on better terms. - The San Roque deal is expected to remove about 60% of the company’s outstanding liabilities.

What happened: - International Iconic Gold Exploration Corp. said its common shares stopped trading on the TSX Venture Exchange at the close of trading on Aug. 11, 2026. - The board approved the voluntary delisting on July 29, 2026, and the TSXV later issued a bulletin confirming it. - The delisting was approved by the board and by written consent of holders of more than 50% of the company’s disinterested common shares. - The company said no alternative trading facility, liquidity mechanism, issuer bid or other exit mechanism is being arranged.

The details: - Iconic Gold remains a reporting issuer in Canada and will continue filing required disclosure, including material change reports and financial statements. - The board said it reviewed the company’s financial position, trading activity and strategic alternatives before deciding to delist. - The company said TSXV listing costs, limited liquidity and a market capitalization it считает did not reflect the value of its mineral portfolio made debt restructuring and other initiatives harder. - Iconic Gold said the delisting should let management focus more on restructuring liabilities, improving the balance sheet and advancing exploration properties. - On March 30, 2026, the company signed an arm’s-length option and exploration agreement for the Ginette mining property in Santa Cruz, Argentina. - Ginette covers more than 4,951 hectares and gives Iconic Gold the exclusive right to explore the property for three years at its own cost and risk. - The Ginette agreement calls for issuance of 3,950,000 common shares at a deemed price of $0.15 per share, for total deemed value of $592,500. - The consideration shares are subject to staged release conditions: 50% after a four-month-and-one-day hold, 25% after six months and 25% after eight months. - Iconic Gold also has an option to acquire 100% of Ginette’s mining rights for US$1,000,000 in cash within three years. - The cash payment would be split into US$5,000 within 12 months, US$5,000 within 24 months and US$990,000 within 36 months. - If the option is exercised, the optionors keep a 1% net smelter return royalty, which Iconic Gold can buy for US$1,000,000 within the first two years of commercial production. - On Aug. 17, 2026, the company signed a share purchase agreement with Aurum Terra Exploration Corp. for its San Roque subsidiary in Río Negro, Argentina. - Aurum will acquire 100% of Minas San Roque S.A. for CAD$4,350,000 by assuming that amount of Iconic Gold debt. - The company will be irrevocably released from that debt at closing. - A 1.0% net smelter return royalty in favor of Avidity will remain in place after closing. - The company said the San Roque transaction should eliminate about 60% of its outstanding liabilities while allowing it to keep most of its exploration properties, including Ginette. - Iconic Gold said the deal should improve its ability to finance a meaningful exploration program at Ginette. - The Castaño project covers about 2,739 hectares of mining rights in the historic Castaño district on the eastern front of the Andes. - Those rights include 54 hectares of granted mining concessions and 2,685 hectares under exclusive exploration rights, with about 586 additional hectares potentially available through pending claims. - The company said a major international miner previously defined a prospective 10-kilometer gold zone there, and company geologists later linked it to a broader complex with anomalous gold and copper values. - Iconic Gold identified a hydrothermally altered, gold-bearing breccia pipe as a priority drill target and plans to advance drilling when funding is available. - The Lago Fontana property includes 16 mining rights covering about 17,498 hectares in Chubut Province. - Those rights include 14 granted mining concessions totaling 498 hectares, a 7,000-hectare Manifestation of Discovery and a 10,000-hectare temporary exploration permit. - The property has historic, non-NI 43-101 compliant resource estimates on the Veta Ferrocarrilera and Veta Cerro Cuchi veins. - The company said there are no active work plans for Lago Fontana because mining activity in the relevant districts has been suspended since 2007 pending ecological zoning studies. - Iconic Gold said it will keep its mining rights at Lago Fontana and reassess options when provincial regulatory issues are resolved. - The company said it plans to pursue a capital raise after further improving its debt position. - Iconic Gold also said it will keep working on debt restructuring with creditors to establish a cleaner balance sheet. - The company said it may consider a return to a public listing in the future, but timing and outcome are uncertain.

Between the lines: - The delisting appears to be part of a broader effort to reduce overhead and remove public-market constraints that the company sees as blocking restructuring. - The San Roque transaction shifts the company’s strategy from carrying debt on a public balance sheet to using asset sales and debt assumption to simplify its capital structure. - The company is signaling that near-term value creation depends more on financing discipline than on maintaining a stock exchange listing.

What's next: - Iconic Gold said it will continue prioritizing liability reduction and debt restructuring where appropriate. - The company plans to use a stronger balance sheet to seek less dilutive financing for exploration in Argentina. - Further updates will be issued as material developments occur. - The company said it will evaluate a future public listing only after liabilities are meaningfully reduced and capital is secured for its portfolio.