FLX SHARE CONSOLIDATIONhttps://www.stockhouse.com/news/press-releases/2016/12/19/fieldex-exploration-announces-proposed-share-consolidation Fieldex Exploration announces proposed share consolidation Canada NewsWire ROUYN-NORANDA, QC, Dec. 19, 2016 , 2016 /CNW Telbec/ - Fieldex Exploration Inc. (FLX : TSXV and F7E : Frankfurt) announces that it has received conditional approval from the TSX Venture Exchange to consolidate its issued and outstanding common shares on the basis of one share for every ten shares issued and outstanding. The consolidation of Fieldex's common shares was approved by Fieldex's shareholders at an annual and special meeting of shareholders held on June 22, 2016. The Board of Directors believes that the proposed share consolidation will better position Fieldex to raise equity financing in light of the continuing difficult market conditions that exist for junior resource issuers. Fieldex will announce the effective date of the share consolidation in a subsequent press release. Fieldex's common shares will continue to trade under the symbol "FLX" and Fieldex's name will not change. After the share consolidation, Fieldex will have 10,328,680 issued and outstanding common shares, compared to 103,286,798 shares currently outstanding. No fractional shares will be issued and all fractional shares resulting from the consolidation will be rounded down to the nearest whole number. Fieldex will mail a letter of transmittal to its registered shareholders, who will be required to exchange their current share certificates for new share certificates. Shareholders who hold their shares through a securities broker or dealer, bank or trust company will not be required to take any measures. The share consolidation is subject to final approval from the TSX Venture Exchange. About Fieldex Fieldex is a mineral resource company actively exploring in Qubec. As of the date hereof, Fieldex has 103,286,798 common shares issued and outstanding. Read more at https://www.stockhouse.com/news/press-releases/2016/12/19/fieldex-exploration-announces-proposed-share-consolidation#gHu6DKtrDd4ZwPic.99