NQ Exploration Inc.
TSX VENTURE : NQE

NQ Exploration Inc.

April 26, 2012 11:57 ET

NQ Exploration Closes a Private Placement for $100,000

LAVAL, QUEBEC--(Marketwire - April 26, 2012) - NQ Exploration Inc. (TSX VENTURE:NQE) announce that it has closed a non-brokered private placement for a total of $100,000, details are as follows:

  • Private placement of common shares

    1,538,462 common share units priced at $0.065 per unit for gross proceeds of $100,000. Each unit consists of one common share and one half warrant entitling its holder to purchase one common share of the Company for $0.10 for a period of 24 months.

No member of the pro group and no insider of the Company participated in the private placement.

All the securities issued pursuant to the private placements are subject to a mandatory hold period of four months following the closing date.

The Company will use the proceeds of the private placements for working capital purposes.

ABOUT NQ EXPLORATION INC.

NQ Exploration Inc. is a mining exploration company with a solid portfolio of 10 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.

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