Icon Exploration Inc. (TSX.V: IEX.H) this morning announced that it has agreed to amend certain terms of its proposed change of business transaction previously announced on November 7, 2018. According to the update and under the terms of an amended Share Exchange Agreement (“SEA”), Icon has agreed to immediately consolidate its share capital on a 1.25:1 basis (1.25 old for 1 new) prior to completion of its acquisition of all of the securities of City View Green (“CVG”). At closing, the entities will complete a business combination by way of share exchange between Icon and all CVG shareholders, whereby CVG will become a wholly owned subsidiary of Icon. On closing of the transaction, Icon will issue eight of its common shares for every issued common share of CVG. In addition, all outstanding CVG incentive options will be cancelled, and Icon will issue five Icon incentive options (exercisable for five years) for each CVG option cancelled.
To view the full press release, visit http://ibn.fm/C1HNg
About Icon Exploration Inc.
Icon is a publicly traded company on the NEX Exchange (TSXV: IEX.H). The company’s primary objective is to create a well-diversified company that will produce long-term returns for its shareholders and investors. Icon’s current focus is on assessing potential acquisition targets in the cannabis industry. For more information, visit the company’s website at www.IconExploration.net
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment