LAVAL, QUEBEC--(Marketwire - Sept. 6, 2011) - NQ Exploration Inc. (TSX VENTURE:NQE) announces that, subject to TSX Venture Exchange approval, it will issue 82,191 common shares at a price of $0.09 per share to Société de développement de la Baie-James ('"SDBJ"), as payment of $7,397.26 in interest due on the debenture on July 31, 2011. The interest payment is being made in accordance with an extension notice dated April 13, 2011. The notice relates to the subscription agreement dated April 30, 2009, pursuant to which NQ issued a $200,000 convertible debenture to SDBJ bearing interest at 15% payable in cash or common shares of the Company's capital stock.
On August 25, 2011, SDBJ agreed to extend the terms of the debenture, including the date of payment of the $200,000 capital amount of the debenture, as well as accrued interest, for a second and final 92-day period ending on October 29, 2011.
ABOUT NQ EXPLORATION INC.
NQ Exploration Inc. is a mining exploration company with a solid portfolio of 11 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, base metal and uranium 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.
Contact Information:
President and Chief Executive Officer
(514) 206-7727
www.explorationnq.com