NQ Exploration Inc.

NQ Exploration Inc.

March 10, 2010 09:31 ET

NQ Exploration Inc.: Common Shares Issued to the Fonds de Solidarite FTQ and Sidex

LAVAL, QUEBEC--(Marketwire - March 10, 2010) - NQ Exploration Inc. (TSX VENTURE:NQE) announces that, subject to the approval of the TSX Venture Exchange, it will issue 39,558 common shares to each of the Fonds de solidarité FTQ and Sidex Limited Partnership ("Sidex") (79,116 common shares) at a price of $0.187 per share in payment of debenture interest of $7,397.26 (Sidex) and $7,397.26 (Fonds de solidarité FTQ) for a total of $14,794.52 due on March 2, 2010. Interest is payable on debentures issued under the terms of subscription agreements dated September 3, 2009, pursuant to which NQ issued to each of the Fonds de solidarité FTQ and Sidex a convertible $125,000 debenture on which interest is payable semi-annually, either in cash or in common shares of the Company's capital stock. 


NQ Exploration Inc. is a new mining exploration company with a solid portfolio of 15 mining properties in the James Bay and Abitibi regions of Quebec. NQ Exploration Inc. is betting on Quebec's excellent mineral potential and favourable investment climate to produce new world-class gold, base metal and uranium deposits.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • NQ Exploration Inc.
    David Grondin
    President and Chief Executive Officer