Icon Exploration Inc. (TSX.V: IEX.H) yesterday provided an update on its proposed change of business transaction. According to the update, City View Green (“CVG”) has raised $1,000,000.50, completing its last seed raise; has acquired (under a mutual share exchange transaction) a 19.9 percent interest in Budd Hutt Inc., an Ontario-based private company that holds exclusive rights to acquire an Alberta private company that has submitted application for 37 retail cannabis stores in Alberta; and has cancelled certain previously-issued options. The parties are in the process of submitting updated listing documents to the Canadian Securities Exchange (“CSE”) that reflect these changes. Upon CSE clearance, Icon and CVG will coordinate dates with the TSX Venture Exchange (“TSXV”) and CSE to close the proposed change of business transaction and delist Icon’s shares from the TSXV and list on the CSE. Icon expects completion in the next two weeks and will issue an update upon finalization of the specific dates.
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About Icon Exploration Inc.
Icon Exploration 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.
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