NQ Exploration Appoints Jacquelin Gauthier as VP for Exploration

NQ Exploration, Inc. announced that it has appointed Mr. Jacquelin Gauthier as its new Vice President for Exploration. He's been an exploration manager for four major mining companies, including Noranda and Kinross Gold. Mr. Gauthier got 600,000 stock options, with exercise price of 20 cents per share. 200,000 of them vest immediately, and the other 400,000 vest one and two years after the contract was signed: 200,000 in a year and the rest in two years. The news release has futher details on Mr. Gauthier's distinguished career.

This item had little effect on the stock, which has not traded in more than a week. The bid-ask spread is wide: 3 cents bid, 8.5 cents asked, as of 12:30 PM ET. The last full trade, on Feb. 20th, was at 4 cents. The last time the stock was above 20 cents was in last September.

Google Finance's page for NQ Exploration is here.

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