NQ Exploration Inc.: Settlement of Debt with Societe de Developpement de la Baie-James
January 13 2014 - 4:05PM
Marketwired
NQ Exploration Inc.: Settlement of Debt with Societe de
Developpement de la Baie-James
LAVAL, QUEBEC--(Marketwired - Jan 13, 2014) - NQ Exploration
Inc. ("NQ") (TSX-VENTURE:NQE) is pleased to announce that it has
arrived at a settlement of its debt with Société de développement
de la Baie-James ("SDBJ"), subject to TSX Venture Exchange
approval.
NQ will issue 240,658 common shares at a deemed price of $0.05
per share to SDBJ, representing the $12,032.88 in interest due as
of December 29, 2013, pursuant to the private placement of a
$200,000 unsecured convertible debenture to SDBJ on December 29,
2011. The debenture bears interest at the rate of 12% per annum,
payable semi-annually either in cash or in shares.
ABOUT NQ EXPLORATION INC.
NQ Exploration Inc. is a mining exploration company with a solid
portfolio of 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.
David GrondinPresident and Chief Executive Officer(514)
206-7727www.explorationnq.com
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