flx AGM voteFieldex Exploration shareholders unanimously approve proposed "spin-out" and reverse take-over with Idnergie SOURCE FIELDEX EXPLORATION INC. ROUYN-NORANDA, QC, May 8, 2018 /CNW Telbec/ - Fieldex Exploration Inc. (TSXV: FLX) (Frankfurt: F7E1) is pleased to announce that at an annual and special meeting of shareholders held today, Fieldex's shareholders unanimously approved a special resolution for a proposed "spin-out" (the "Spin-Out") of all of Fieldex's assets (except for cash and marketable securities having an aggregate value of $303,400 and Fieldex's Lac Sairs rare earth property) and all of its liabilities to QUAD Resources Inc. ("QUAD") and unanimously approved a second resolution for a proposed reverse take-over (the "Reverse Take-Over") involving Fieldex, Idnergie Inc. ("Idnergie") and Idnergie's securityholders. As a result, Fieldex has been authorized by shareholders to proceed with the Spin-Out and Reverse Take-Over as outlined in its management information circular dated March 30, 2018. At the meeting, Fieldex's shareholders also elected Martin Dallaire, Donald Lacasse, Jean-Pierre Landry, Jean-Franois Madore and Sbastien Bellefleur as directors of Fieldex. Following the meeting, Fieldex's Board of Directors re-appointed Martin Dallaire as President and Chief Executive Officer and Donald Lacasse as Chief Financial Officer and Secretary of Fieldex. Fieldex's shareholders also approved resolutions re-appointing Dallaire Lapointe Inc., Chartered Professional Accountants, as the auditor of Fieldex, ratifying and confirming the stock option plans of QUAD and Idenergy Corporation ("Idenergy") (the company resulting from the Reverse Take-Over), and approving a change of corporate name from Fieldex to "Idenergy Corporation / Corporation Idnergie". Completion of the Spin-Out and Reverse Take-Over is subject to a number of conditions, including final regulatory approval and financing. It is expected that the closing of the Spin-Out, Reverse Take-Over and concurrent financings of Idenergy and QUAD will occur on or about May 31, 2018. If all conditions for the Spin-Out and Reverse Take-Over are met, it is expected that the shares of Idenergy and QUAD will commence trading on the TSX Venture Exchange in mid-June 2018, after delivery by Idenergy and QUAD of standard listing documentation to the TSX Venture Exchange. Each of Idenergy and QUAD will issue a press release announcing the date on which its shares will start trading on the TSX Venture Exchange.