|By Marketwired .||
|December 13, 2013 04:01 PM EST||
LAVAL, QUEBEC -- (Marketwired) -- 12/13/13 -- NQ Exploration Inc. (the "Corporation") (TSX VENTURE: NQE) is pleased to announce that it has closed its previously-announced debt settlement transaction.
The Company has settled $37,487.50 in outstanding indebtedness through the issuance of 749,750 common shares priced at $0.05 per share and 749,750 warrants to a creditor. Each warrant entitles its holder to purchase one additional common share for a five-year period (the "Debt Settlement").
The shares issued under the Debt Settlement will be subject to a hold period of four months and one day from the date of issuance.
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.
President and Chief Executive Officer