(Source: MARKETWIRE)
NQ Exploration Inc. (TSX VENTURE: NQE) announces that, subject to
TSX Venture Exchange approval, the Company will issue 100,822 common
shares at a deemed price of $0.15 per share to Societe de
developpement de la Baie-James ('"SDBJ"), representing the $15,123.29
in interest due as of October 31, 2009, 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.
$250,000 CONVERTIBLE DEBENTURE FINANCING
In the press release dated September 4, 2009, the conversion period
for the debentures should have read 36 months rather than 24 months.
ABOUT NQ EXPLORATION INC.
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.
Contacts:
NQ Exploration Inc.
David Grondin
President and Chief Executive Officer
514-206-7727
www.explorationnq.com
Paradox Public Relations
Investor Relations, Montreal
514-341-0408 or 1-866-460-0408
514-341-1527 (FAX)
SOURCE: NQ Exploration Inc.
A service of YellowBrix, Inc.
