Used Mining Equipment for Sale: Iberian Minerals Corp. announced today that the Company, through its wholly-owned subsidiary Minas de Aguas Tenidas S.A.U. (”MATSA”) has entered into an agreement with INGENIERIA DE SUELOS Y EXPLOTACION DE RECUROS S.A (”Insersa”) whereby MATSA will purchase the Aguas Tenidas underground mining division of Insersa for the sum of Euros 6,000,000, payable as to Euros 5,520,000 in cash and Euros 480,000 in common shares of Iberian. The cash portion of the consideration will be paid as to 30% (Euros 1,656,000) on closing, 30% (Euros 1,656,000) six months after closing, and the remaining balance of 40% (Euros 2,208,000) in one year. All future payments are without interest.
