Vancouver, BC, March 31, 2011--(T-Net)--Pender Financial Group Corporation announced that it has purchased an additional 750,000 shares (3.38% of Icron's issued shares) of Icron (TSX-V: IT) under a private agreement with an unrelated party.
The purchase was completed through the facilities of the TSX Venture Exchange and at a purchase price of Cdn$0.48 per share. Together with its existing holdings, Pender Financial now has ownership of and control over 3,897,600 shares of Icron. This constitutes 17.542% of Icron's issued shares. The shares were acquired for investment purposes.
Together with Kelly Edmison, President and CEO of Pender Financial and William Rand, a Director of Pender Financial, (collectively the "Group"), the Group beneficially owns and exercises control or direction over 5,302,653 shares, which is 23.867% of the outstanding shares of Icron.
About Pender Financial Group Corporation
Pender Financial Group Corporation is a privately held company that focuses on technology companies based in British Columbia.