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ROUYN-NORANDA, QC, July 9, 2020 /CNW Telbec/ - Fieldex
Exploration Inc. (TSXV: FLX) (Frankfurt: F7E1)
("Fieldex") is pleased to announce that it has
completed a private placement by issuing 1,000,000 "flow-through"
units to two strategic investors at a price of $0.10 per unit, for gross proceeds to Fieldex of
$100,000. Each of the units is
comprised of one "flow-through" common share and one common share
purchase warrant. Each warrant will entitle the holder to
acquire one additional common share of Fieldex at a price of
$0.15 until July 9, 2021.
Fieldex will use the proceeds from the private placement for
exploration on certain of its properties in Québec.
As a result of the closing of the private placement, there are
33,937,040 common shares of Fieldex issued and outstanding on a
non-diluted basis. Under applicable securities legislation and the
policies of the TSX Venture Exchange, the securities issued in the
private placement are subject to a four-month hold period, expiring
on November 10, 2020.
About Fieldex
Fieldex is a mineral resource company actively exploring in
Québec on acquiring and exploring precious metals deposits located
in the province of Québec.
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 the release.
SOURCE Fieldex Exploration Inc.