BRIEF-Fieldex to buy 100 pct interest in high grade industrial minerals Teslo project in Quebec

Tue Mar 22, 2016 11:05am EDT
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March 22 (Reuters) - Fieldex Exploration Inc :

* Fieldex to acquire ownership of 100 percent interest in the high grade industrial minerals teslo project in Quebec

* Entered into two agreements to purchase 100 percent interest in 16 mining claims covering an area of approximately 960 hectares

* 16 mining claims located 15 km northwest of city of Buckingham and 170 km west of Montreal city in province of Quebec

* In consideration for acquisition, fieldex will issue to each of vendors 4 million shares of fieldex at a deemed price of $0.05per share Source text for Eikon: Further company coverage: