VANCOUVER, April 25, 2017 - In accordance with regulatory requirements, Mr. Rob Fia ("Fia"), a Director and the CEO of Icon Exploration Inc. ("Icon") (TSX-V: IEX.H) (OTC PINK: LRZZF), reports that he has recently acquired beneficial ownership and control of 1,953,602 common shares of Icon at a deemed price of $0.05/share pursuant to the settlement of $97,680.09 debt owed him.
Prior to this shares for debt transaction, Fia owned or controlled 1,824,210 common shares of Icon. Upon completion of the shares for debt transaction, Fia now has ownership and control of 3,777,812 shares representing approximately 18.4% of the outstanding shares of Icon on a non-diluted basis. On a partially diluted basis (assuming the exercise of all 541,583 stock options held by Fia), Fia would have ownership and control over approximately 20.5% of the then issued Icon shares.
The securities acquired by Fia are held for investment purposes only. Fia may acquire additional Icon shares or dispose of Icon shares (through market or private transaction) from time to time.
A copy of the related early warning report may be obtained under Icon's profile on the SEDAR website (www.sedar.com) or from Fia at 55 University Ave., Suite M002, P.O. Box 47, Toronto, Ontario M5J 2H7.
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VANCOUVER, April 25, 2017 - In accordance with regulatory requirements, Mr. Rob Fia ("Fia"), a Director and the CEO of Icon Exploration Inc. ("Icon") (TSX-V: IEX.H) (OTC PINK: LRZZF), reports that he has recently acquired beneficial ownership and control of 1,953,602 common shares of Icon at a deemed price of $0.05/share pursuant to the settlement of $97,680.09 debt owed him.
