Canadian private equity firm the Fonds de solidarité des travailleurs du Québec (FTQ) has invested approximately $125,000 in NQ Exploration Inc., a mining exploration company with a portfolio of eleven gold, silver, and base metal mining properties in the James Bay and Abitibi regions of Québec. NQ Exploration is publicly-owned and is based in Montréal.
NQ Exploration Inc.: Convertible Debenture With the Fonds de solidarite FTQ
LAVAL, QUÉBEC–(Marketwired – April 26, 2013) – NQ Exploration Inc. (“NQ”) (TSX VENTURE:NQE) is pleased to announce that, as approved by the TSX Venture Exchange, it will issue 2,500,000 common shares priced at $0.05 per share to the Fonds de solidarité des travailleurs du Québec (F.T.Q.) in full payment of $125,000 in capital payable on the convertible debenture that matured on March 2, 2013, as well as 193,703 common shares priced at $0.05 per share in payment of $9,685.15 in accrued interest on the debenture, also payable as of April 26, 2013, the whole in accordance with the terms of a subscription agreement and convertible debenture signed on September 3, 2009, and a letter of intent signed on October 5, 2012.
ABOUT NQ EXPLORATION INC.
NQ Exploration Inc. is a mining exploration company with a significant 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, silver and base metal deposits.
Photo courtesy of Shutterstock.