the change of the corporate name of Fieldex to Idénergie Corporation or other similar name (" New Idénergie") so as to reflect the Reverse Take-over. ![]() the acquisition by Fieldex of 100% of the issued and outstanding Class "A" shares of Idénergie through the issuance by Fieldex of an aggregate of 35 million common shares, having an aggregate deemed value of $4,900,000, to the shareholders of Idénergie in exchange for their shares of Idénergie, on the basis of 500 Fieldex shares, at a deemed price of $0.14 per share, for every Class "A" share of Idénergie, as a result of which Idénergie will become a wholly-owned subsidiary of Fieldex and the shareholders of Idénergie will hold an aggregate of 35 million Fieldex common shares.the conversion of all of Idénergie's convertible notes into Class "A" shares of Idénergie shortly prior to the closing of the Reverse Take-over.the completion of the Spin-out by Fieldex to QUAD Resources (see details below).The Share Exchange Agreement provides that the Reverse Take-over will be accomplished through, among other things: In order to effect the Reverse Take-over, Fieldex, Idénergie and Idénergie's securityholders have entered into a Share Exchange Agreement. The Reverse Take-over will involve the acquisition by Fieldex of all of the issued and outstanding shares of Idénergie from its shareholders. Fieldex, which was incorporated under Canada Business Corporations Act on May 29, 1985, is listed on the TSXV. Idénergie is a private company incorporated on April 6, 2011 under the Canada Business Corporations Act, with its head office in Montreal. ![]() As previously announced, Fieldex entered into a letter of intent dated June 6, 2017 with Idénergie with respect to the Spin-out and Reverse Take-over, which will constitute a "Reverse Takeover" for Fieldex under the policies of the TSX Venture Exchange (" TSXV"). (" QUAD Resources"), a wholly-owned subsidiary of Fieldex. (" Idénergie") and proposed "spin-out" (the " Spin-out") of all of Fieldex's assets (except for cash and cash equivalents having an aggregate minimum value of $303,400) and all of its liabilities to QUAD Resources Inc. (" Fieldex") (TSX-V: FLX) is pleased to provide an update on the proposed reverse take-over (the " Reverse Take-over") of Fieldex by Idénergie Inc. ![]() ROUYN-NORANDA, QC, Sept. 21, 2017 /CNW Telbec/ - Fieldex Exploration Inc.
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