Debt Settlements

Fineqia Announces Completion of Private Placement and Debt Settlements and Grants Incentive Stock Options

Fineqia International Inc. is pleased to announce that it has closed a non-brokered private placement (the "Private Placement") of 58,746,401 units ("Units") issued at a price of CAD$0.015 per Unit, raising gross proceeds of CAD$881,194.18. The close follows the oversubscribed Private Placement, with investment target increased three times from CAD$2 million to CAD$5 million due to continued investor interest, raising gross proceeds of CAD$5,171,199.50 on November 11, 2016.  Each Unit consists of one common share and one transferable common share purchase warrant ("Warrants") exercisable at CAD$0.05 per share, provided that in the event that the closing price of the Company's common shares on the Canadian Securities Exchange (or such other exchange on which the Company's common shares may become traded) is CAD$0.20 or greater per common share during any twenty (20) consecutive trading day period at any time subsequent to four months and one day after the closing date, the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day after the date on which the Company provides notice of such accelerated expiry to the holders of the Warrants.

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