NQ Exploration Inc.

NQ Exploration Inc.

October 15, 2010 10:43 ET

NQ Arranges a Non-Brokered Private Placement

LAVAL, QUEBEC--(Marketwire - Oct. 15, 2010) - NQ Exploration Inc. (TSX VENTURE:NQE) is pleased to announce that it has negotiated a $1,000,000 non-brokered private placement. The terms of the private placement are as follows:

  • Private placement of flow-through units
    The Company is proposing to issue 1,000 flow-through units at a subscription price of $1,000 per unit. Each unit would consist of 6,666 flow-through shares at $0.12 per share, 2,000 common shares (which do not qualify as flow-though shares) at $0.10 per share, and 1,000 warrants to purchase common shares of the Company. Each warrant would entitle its holder to purchase one common shares of the Company for $0.125 for a 24-month period.


NQ Exploration Inc. is a mining exploration company with a solid portfolio of 16 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