NQ Exploration Inc.
TSX VENTURE : NQE

NQ Exploration Inc.

March 08, 2011 16:00 ET

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

LAVAL, QUEBEC--(Marketwire - March 8, 2011) - NQ Exploration Inc. (TSX VENTURE:NQE) announces that, subject to the approval of the TSX Venture Exchange, it will issue 59,149 common shares to each of the Fonds de solidarité FTQ and Sidex Limited Partnership ("Sidex") (118,298 common shares) at a price of $0.126 per share in payment of debenture interest of $7,438.36 (Sidex) and $7,438.36 (Fonds de solidarité FTQ) for a total of $14,876.72 due on March 2, 2011. 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. 

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 and base metal 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
    514-206-7727
    www.explorationnq.com