ROUYN-NORANDA, QC,
March 8, 2017 /CNW Telbec/ - Fieldex Exploration Inc.
(TSXV: FLX) (Frankfurt: F7E) announces that it will effect a
non-brokered private placement in a maximum amount of $500,000 by issuing a maximum of 5 million
units at a price of $0.10 per
unit. Each of the units will consist of one common share in
the capital of Fieldex and one-half of a common share purchase
warrant. Each full warrant will entitle its holder to
purchase one additional common share of Fieldex at an exercise
price of $0.15 for a period of 36
months from the closing date of the private placement.
In connection with the private placement, Fieldex may pay a cash
sales commission to various securities dealers in an aggregate
amount of 8% of the gross proceeds of the private placement.
In addition, Fieldex may grant agents' options to various
securities dealers entitling the holders to acquire additional
common shares in an aggregate amount representing 8% of the total
number of units issued and sold in the private placement. The
agents' options may be exercised at a price of $0.10 for a period of 36 months from the closing
date of the private placement, which is expected to take place on
or about March 22, 2017.
The private placement is subject to approval of the TSX Venture
Exchange.
About Fieldex
Fieldex is a mineral resource company actively exploring in
Québec. As of the date hereof, Fieldex has 10,328,553 common shares
issued and outstanding.
Forward-Looking Statements
This news release contains statements that may constitute
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking information may
include, among others, statements regarding the future plans,
costs, objectives or performance of Fieldex, or the assumptions
underlying any of the foregoing. In this news release, words such
as "may", "would", "could", "will", "likely", "believe", "expect",
"anticipate", "intend", "plan", "estimate" and similar words and
the negative form thereof are used to identify forward-looking
statements. Forward-looking statements should not be read as
guarantees of future performance or results, and will not
necessarily be accurate indications of whether, or the times at or
by which, such future performance will be achieved. No assurance
can be given that any events anticipated by the forward-looking
information will transpire or occur, including the settlement of
certain debts by the issuance of securities. Forward-looking
information is based on information available at the time and/or
management's good-faith belief with respect to future events and
are subject to known or unknown risks, uncertainties, assumptions
and other unpredictable factors, many of which are beyond Fieldex's
control. These risks, uncertainties and assumptions include, but
are not limited to, those described under "Financial Risk
Management Objectives and Policies" and "Risks and Uncertainties"
in Fieldex's Annual Report for the fiscal year ended
December 31, 2015, a copy of which is available on SEDAR
at www.sedar.com, and could cause actual events or results to
differ materially from those projected in any forward-looking
statements. Fieldex does not intend, nor does Fieldex undertake any
obligation, to update or revise any forward-looking information
contained in this news release to reflect subsequent information,
events or circumstances or otherwise, except if required by
applicable laws.
Neither 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 the release.
SOURCE FIELDEX EXPLORATION INC.