NQ Exploration to pocket C$1 million with placement of equity units

Non-brokered deal offers units of common stock, flow-through stock

By Devika Patel

Knoxville, Tenn., Oct. 15 - NQ Exploration Inc. said it will sell 1,000 units at C$1,000.00 apiece in a non-brokered private placement. The offering will raise C$1 million.

Each unit consists of 6,666 flow-through shares at C$0.12 per share, 2,000 common shares at C$0.10 per share, and 1,000 warrants, with each warrant exercisable at C$0.125 for two years.

The strike price reflects a 13.64% premium to C$0.11, the Oct. 14 closing share price.

Based in Laval, Quebec, NQ is a mining company.

Issuer:	NQ Exploration Inc.
Issue:	Units of 6,666 flow-through shares at C$0.12 per share, 2,000 common shares at C$0.10 per share, and 1,000 warrants
Amount:	C$1 million
Units:	1,000
Price:	C$1,000.00
Warrants:	1,000 warrants per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.125
Agent:	Non-brokered
Pricing date:	Oct. 14
Stock symbol:	TSX Venture: NQE
Stock price:	C$0.11 at close Oct. 14
Market capitalization:	C$3.53 million

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