Goldhills Holding Ltd. press release
Fieldex issues shares upon conversion of debenture
TSXV - TSX Venture Exchange · Copper · Molybdenum · Silver · Gold · Zinc · Canada
ROUYN-NORANDA, QC, March 8 /CNW Telbec/ - Fieldex Exploration Inc. (FLX: TSXV; F7E: FSE) announces that has issued 500,000 common shares at a price of $0.30 per share to an institutional investor in Quebec, following the conversion by the investor of a Fieldex debenture in the principal amount of $150,000. Fieldex issued the debenture to the investor in April 2005. Each share was accompanied by one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of Fieldex at a price of $0.35 per share until April 21, 2007. Due to the fact that the common shares of Fieldex traded on the TSX Venture Exchange at a price of more than $0.45 for 20 consecutive trading days preceding the date of conversion, Fieldex was not required to pay interest on the debenture. As a result of the conversion of the debenture, there are 23,871,442 common shares of Fieldex issued and outstanding.
About Fieldex:
Fieldex is a mineral resource company actively exploring deposits in Quebec in partnership with FNX Mining Company Inc. (for nickel-copper-platinum group metals), and in partnership with Cambior Inc. and Lake Shore Gold Corp. (for gold). Fieldex owns several properties located in northern Quebec, covering more than 600 km(2).
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.