TORONTO, Dec. 6, 2017 /CNW/ - In accordance with regulatory requirements, Mr. John Gamble ("Gamble"), a director of Icon Exploration Inc. ("Icon"), reports that since his last Early Warning Report dated July 20, 2017, he has disposed of beneficial ownership and control of an aggregate of 332,000 common shares of Icon. Gamble now owns and controls 2,635,967 shares, representing approximately 10.4% of the outstanding shares of Icon on a non-diluted basis. On a partially diluted basis (assuming the exercise of all 449,908 stock options held by Gamble), Gamble would have ownership and control over approximately 12% of the then issued Icon shares.
The remaining securities held by Gamble are held for investment purposes only. Gamble may acquire additional Icon shares or dispose of Icon shares (through market or private transaction) from time to time as future circumstances may dictate.
This news release is being issued in accordance with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated July 20, 2017. The early warning report respecting the occurrence giving rise to this filing has been filed on System for Electronic Document Analysis and Review ("SEDAR") at www.sedar.com under Icon's issuer profile. To obtain a copy of the early warning report filed by Gamble, you may contact Gamble at 1110 Hansler Road, Welland, Ontario L3C 7M5 or refer to SEDAR at www.sedar.com under Icon's issuer profile.
SOURCE Icon Exploration Inc.