Fineqia Announces Completion of Oversubscribed CAD$5 MLN Private Placement, Debt Settlements and Grant of Options

Fineqia International Inc. is pleased to announce that it has closed a non-brokered private placement (the "Private Placement") of 517,119,950 units ("Units") issued at a price of CAD$0.01 per Unit, raising gross proceeds of CAD$5,171,199.50 in an oversubscribed round.

The final close follows raising of the Private Placement target three times from CAD$2 million to CAD$5 million due to continued investor interest, since the Company's completion of the first tranche of the Private Placement and issuance of 157,900,000 Units, raising gross proceeds of CAD$1,579,000 on August 11, 2015. Each unit consists of one common share and one transferable common share purchase warrant ("Warrants") exercisable at CAD$0.05 per share for a period of five years subject to an accelerated vesting provision.

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