Not for distribution to United
States newswire services or for dissemination in
the United States
ROUYN-NORANDA, QC,
April 21, 2017 /CNW Telbec/ - Fieldex Exploration Inc.
(FLX : TSXV) (F7E : Frankfurt) is pleased
to announce that it has held a closing of its previously-announced
private placement by issuing 3,750,000 units at a price of
$0.10 per unit, for gross proceeds to
Fieldex of $375,000. Each of
the units is comprised of one common share and one-half of a common
share purchase warrant. Each whole warrant will entitle the
holder to acquire one additional common share of Fieldex at a price
of $0.15 until April 21,
2020.
Fieldex will use the proceeds from the closing of the private
placement for working capital purposes.
In connection with the private placement, Fieldex paid a
finder's fee to Raymond James Ltd. in the amount of $3,200, representing 8% of the gross proceeds
raised in the closing of the private placement and issued to
Raymond James Ltd. 32,000 broker warrants in connection with the
sale of the units. Each broker warrant entitles the holder to
acquire one common share of Fieldex at a price of $0.15 until April 21, 2020.
In other news, Fieldex announces that it has completed its
previously-announced debt settlement transactions by issue an
aggregate of 1,589,470 common shares at a deemed price of
$0.10 per share to three creditors in
settlement of debts in an aggregate amount of $158,947.
As a result of the closing of the private placement and debt
settlement transactions, there are 15,668,023 common shares of
Fieldex Exploration issued and outstanding on a non-diluted
basis. Under applicable securities legislation and the
policies of the TSX Venture Exchange, the securities issued in the
private placement and the debt settlement transactions are subject
to a four-month hold period, expiring on August 22, 2017.
About Fieldex
Fieldex is a mineral resource company actively exploring in
Québec for strategic group of metals and industrial minerals
deposits located in the province of Québec.
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 this release.
SOURCE FIELDEX EXPLORATION INC.