Fieldex Exploration Inc. and Idénergie Inc. Announce Management Appointments for New Idénergie
Sep 21 17
Fieldex Exploration Inc. ("Fieldex") provided an update on the proposed reverse take-over (the "reverse take-over") of Fieldex by Idénergie Inc. ("Idénergie") and proposed "spin-out" (the "Spin-out") of all of Fieldex's assets and all of its liabilities to QUAD Resources Inc. ("QUAD Resources"), a wholly-owned subsidiary of Fieldex. The share exchange agreement provides that the reverse take-over will be accomplished through, among other things: the change of the corporate name of Fieldex to Idénergie Corporation or other similar name ("New Idénergie") so as to reflect the reverse take-over. If the reverse take-over is completed, it is expected that the Board of Directors of New Idénergie will be comprised of Pierre Blanchet, Denis Bastien and Éric Springuel, each of whom is currently a director of Idénergie, Martin Dallaire and Jean-François Madore, each of whom is currently a director of Fieldex, and Sébastien Bellefleur, who will be a nominee for election as a director of Fieldex at the Meeting. It is expected that the executive management of New Idénergie will be comprised of Idénergie's current executive management team, and that the officers of New Idénergie will be Martin Dallaire (Chairman), Pierre Blanchet (President and Chief Executive Officer) and Denis Bastien (Chief Financial Officer and Secretary). Martin Dallaire is the Chairman, President, Chief Executive Officer and a director of Fieldex and of QUAD Resources. Mr. Dallaire has more than 15 years of experience in the financial industry, with particular expertise in managing and financing junior mining exploration companies. His experience includes strategic planning, corporate structuring and reorganization, sourcing and structuring public and private financings, due diligence reviews and mergers and acquisitions. Mr. Dallaire is also President and Chief Executive Officer of Visible Gold Mines Inc. Pierre Blanchet has been the President and a director of Idénergie since 2011. Mr. Blanchet has previously worked in multiple domains of electronics, networking product manufacturing, ethernet and web programming, integration specialist on flight simulators and diagnostic equipment. Denis Bastien has been the Chief Financial Officer and a director of Idénergie since 2011. Mr. Bastien has more than 20 years of diversified international experience acquired in various business environments, starting with the accounting firm Arthur Andersen. Mr. Bastien then worked for Black & Decker Corporation in its internal audit team for three years, reviewing most of the company's main business processes in the United States and Europe, followed by two years as the manufacturing controller for the DeWalt brand at the company's production facilities located in Mexico. M. Éric Springuel has been a director of Idénergie since 2015. Mr. Springuel has strong experience in modeling, financial markets and project management. Jean-François Madore is a financial planner and currently wealth-manager specialist with Industrial Alliance, Assurance et Services Financiers Inc. Mr. Madore has acquired over 15 years of experience in the financial industry, with particular expertise in financial planning and risk management. Sébastien Bellefleur is a partner in the Montreal office of the law firm Fasken Martineau DuMoulin LLP. Mr. Bellefleur specializes in business law, more specifically in securities, mergers, acquisitions, corporate governance and mining law. He also helps set up funding, whether in the form of debt or equity financings. Until recently, Mr. Bellefleur was a director of LGC Capital Ltd.