TORONTO, July 20, 2017 /CNW/ - In accordance with
regulatory requirements, Mr. John
Gamble ("Gamble"), a director of Icon Exploration
Inc. ("Icon"), reports that he has recently acquired
beneficial ownership and control of 2,835,967 common shares of Icon
at a deemed price of $0.05/share
pursuant to the settlement of $131,798.36 debt owed him.
Prior to this debt conversion transaction, Gamble owned or
controlled 332,000 common shares of Icon. Upon completion of
the shares for debt transaction, Gamble now has ownership and
control of 3,167,967 shares representing approximately 13.6% 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 15.2% of the then issued Icon shares.
The securities acquired 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.
A copy of the related early warning report may be obtained under
Icon's profile on the SEDAR website (www.sedar.com) or from Gamble
at 1110 Hansler Road, Welland,
Ontario L3C 7M5.
"John
Gamble"
JOHN GAMBLE
SOURCE Icon Exploration Inc.