NQ Exploration Inc.

NQ Exploration Inc.

June 14, 2010 17:00 ET

Shares Issued to Societe de developpement de la Baie-James

LAVAL, QUEBEC--(Marketwire - June 14, 2010) - NQ Exploration Inc. (TSX VENTURE:NQE) announces that, subject to TSX Venture Exchange approval, the Company will issue 86,543 common shares at a deemed price of $0.17 per share to Société de développement de la Baie-James ('"SDBJ"), representing the $14,712.33 in interest due as of April 30, 2010, pursuant to the private placement of a $200,000 unsecured convertible debenture to SDBJ on April 30, 2009. The debenture bears interest at the rate of 15% per annum, payable semi-annually either in cash or in shares.


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