April 08 1999
Icron Systems Inc. is pleased to announce that the trading volume in its common shares has forced the conversion of $154,000 of convertible debentures and 75,000 preferred shares into Icron common shares. Icron’s common shares traded an aggregate of 322,044 shared at prices of $0.50 or higher on the Alberta Stock Exchange during the ten trading days ending April 1, 1999. This transaction completes the conversion of all of Icron’s convertible debentures and preferred shares into common shares of the corporation. As a result, the issued share capital of Icron is 12,303,584 common shares and the issued share capital on a fully diluted basis is 15,175,084 common shares.
Icron Systems Inc. is a leading edge developer of networking products, and is actively developing enhanced range Universal Serial Bus (USB) products. A subsidiary of Icron Systems Inc., Icron Manufacturing Inc. is one of western Canada’s most advanced contract electronics manufacturing services providers.
Note: The company relies on litigation protection for “forward-looking” statements. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release – including, without limitation, statements regarding production estimates and future plans and objectives of Icron – are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.