MONTREAL, March 15 /CNW Telbec/ - This press release is being published
in relation to a change in material facts regarding the securities of Icefloe
Technologies Inc. ("Icefloe") (ICY - TSX-V) under the control of Fiera YMG
Capital Inc. ("Fiera YMG") on behalf of the YMG Private Wealth Opportunities
Fund (the "Fund").
Fiera YMG announces that 500,000 warrants to acquire the same number of
common shares of Icefloe under the control of Fiera YMG expired on
December 30, 2006 without being exercised. Furthermore, on January 24, 2007,
the number of common shares of Icefloe into which the $300,000 convertible
debentures under the control of Fiera YMG are convertible decreased by 38,461
to 461,538 common shares of Icefloe. Finally, on February 1, 2007, the Fund
received an additional 75,000 common shares of Icefloe as payment in kind of
the first year's interest on the convertible debentures under the control of
Fiera YMG. With these occurrences, the percentage of securities under the
control of Fiera YMG in Icefloe decreased by 5.96% since the last report filed
by YMG Capital Management Inc. ("YMG") on March 6, 2006 (Fiera Capital
Management Inc. and YMG merged on October 1, 2006 to create a new entity,
namely Fiera YMG).
Fiera YMG reports that the aggregate number of securities of Icefloe
under the control of Fiera YMG on behalf of the Fund as of the date hereof is
890,300 common shares and convertible debentures in the principal amount of
$300,000 currently convertible into 461,538 common shares of Icefloe
representing 11.42% (or 16.38% assuming the conversion by Fiera YMG of the
said convertible debentures).
These securities are beneficially owned by the Fund and managed by Fiera
The securities have been acquired for investment purposes only and not
with the purpose of influencing the control or direction of Icefloe. Fiera YMG
may, from time to time, acquire additional securities of Icefloe, may continue
to hold its present position or may dispose of its securities.
Fiera YMG provides competitive and innovative investment solutions to a
diverse clientele of institutional investors, mutual funds, charitable
organizations and private clients.
This press release is being issued in order to comply with the disclosure
requirements under applicable securities legislation. This press release is
not an admission that Fiera YMG owns or controls any described securities or
that Fiera YMG is a joint actor with any of the accounts that it manages.
For further information:
For further information: or to obtain a copy of the Early Warning
Report, contact: Violaine Des Roches, Fiera YMG Capital Inc., (514) 954-3300