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Fieldex Exploration Announces First Closing Of Private Placement

Fieldex Exploration Inc (FLX.V) announced today that it has held a first closing of its private placement by issuing 5,087,000 flow-through units at 12.5 cents per unit, for gross proceeds of $635,875. Fieldex issued the flow-through units to accredited investors in Ontario and Quebec.

Each of the units is comprised of one common share and one-half of a common share purchase warrant. Each full warrant entitles its holder to acquire one additional common share of Fieldex at a price of 18 cents for 18 months.

Fieldex will use the proceeds for its exploration program on its properties in Quebec, the company said in a statement.

Fieldex is a mineral exploration company actively exploring in Quebec for base and strategic group metal deposits.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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