Iberian Minerals Arranges Financing for Raul Purchase

Iberian Minerals Corp. (TSX VENTURE:IZN) reported that its subsidiary, Compania Minera Condestable S.A. has entered into a mandate letter dated March 8, 2010 with Societe Generale to arrange an amended senior, secured debt facility.

The press release is quoted as saying:

Iberian Minerals Corp. is a Canadian listed global base metals company with interests in Spain and Peru. The Condestable Mine, located in Peru approximately 90 km south of Lima, operates at 2.2 million tonnes per year producing copper, and associated silver and gold in a concentrate.

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