ICRON CONVERTS DEBENTURES AND PREFERRED SHARES
April 8, 1999
FOR IMMEDIATE RELEASE
Contact: David Dunnison
Tel: (604) 517-6600 Ext: 225
Fax: (604) 517-6610
Icron Systems Inc.
ASE: ICM
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 ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN
|
