NQ Exploration Inc. announced that the Company has entered into an agreement to acquire the 100% interest held by Globex Mining Enterprises Inc. in the Shortt Lake property, Quebec, Canada. The Agreement provides for NQ to make cash payments of $650,000, issue 4 M common shares of NQ and carry out $5 M in exploration on the property, all over a five-year period. The property will be subject to a sliding-scale GMR of 1% to 2.5% benchmarked against the price of gold.
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