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Fieldex Exploration Inc.

Publié le 17 octobre 2014

FIELDEX EXPLORATION ISSUES SECURITIES ON CONVERSION OF TWO CONVERTIBLE DEBENTURES

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FIELDEX EXPLORATION ISSUES SECURITIES ON CONVERSION OF TWO CONVERTIBLE DEBENTURES

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FIELDEX EXPLORATION ISSUES SECURITIES ON CONVERSION OF TWO CONVERTIBLE DEBENTURES

Rouyn-Noranda, Québec, Canada, October 16, 2014 - Fieldex Exploration Inc. (TSXV: FLX) (Frankfurt: F7E) announces that, following the conversion of two convertible debentures in the aggregate principal amount of $416,514, it has issued an aggregate of 4,165,140 common shares at a price of ten cents per share.  Each share was accompanied by one half of a common share purchase warrant.  Each whole warrant entitles the holder thereof to acquire one additional common share of Fieldex at a price of ten cents per share until October 9, 2015. Fieldex also entered into agreements with the holders of the convertible debentures to provide for the issuance of shares in payment of accrued and unpaid interest on the debentures.  Pursuant to these agreements, and subject to regulatory approval, including that of the TSX Venture Exchange, Fieldex will issue an aggregate of 1,001,540 common shares in settlement of accrued and unpaid interest.  These common shares will be issued at a deemed price of $0.05 per share and will be subject to a four month hold period as required under applicable securities legislation and the policies of the TSX Venture Exchange.


Following the foregoing share issuances, including the common shares to be issued in settlement of the unpaid accrued interest on the convertible debentures, there will be 84,316,798 common shares of Fieldex issued and outstanding.



About Fieldex:


Fieldex is a mineral resource company actively exploring for base and strategic group metal deposits located throughout Québec, Canada, representing an area of interest over 600 km². 


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 the release.


-30-


For more information, please contact: 


Martin Dallaire, eng 

President & Chief Executive Officer

Tel.: (819) 762-0609

Fax: (819) 762-0097


[email protected]

www.fieldexexploration.com

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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Fieldex Exploration Inc.

CODE : FLX.V
ISIN : CA3169022041
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Fieldex Expl. est une société d’exploration minière basée au Canada.

Fieldex Expl. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont SCOTT, STADACONA et VILLE MARIE - TEMISCAMINGUE au Canada.

Fieldex Expl. est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,5 millions CA$ (1,1 millions US$, 1,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 0,98 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$.

Fieldex Expl. possède 10 330 000 actions en circulation.

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