Iron Creek Arranges $3.5 Million Financing

 

October 17, 2011 - Iron Creek Capital Corp. (TSX-V: IRN) is pleased to announce that it has arranged, subject to stock exchange approval, a non-brokered private placement of up to 8,750,000 units at $0.40 per unit, for proceeds of up to $3.5 million. Each unit will consist of one common share and one-half of a warrant, each whole warrant entitling the holder to purchase one additional common share of the Company at $0.50 in the first year and at $0.55 in the second year. A finder�s fee may be paid on a portion of the placement. The finder�s fee will consist of 6% units and 6% warrants, each such warrant entitling the finder to purchase one common share at $0.50 in the first year and $0.55 in the second year.

The proceeds of the financing will be used for exploration of the Company�s mineral projects in Chile and for general working capital purposes.

About Iron Creek

Iron Creek Capital Corp. is a Vancouver-based mineral exploration company engaged in the acquisition and exploration of precious and base metals projects in Chile.

ON BEHALF OF THE BOARD

    �Timothy J. Beale�

Timothy Beale, President