NQ Minerals PLC - Issue of Equity and Conversion of Loan Notes
RNS Number : 8604E
NQ Minerals PLC
14 February 2018

14 February 2018


NQ Minerals Plc

(the "Company" or "NQ Minerals")

Issue of Equity and Conversion of Loan Notes

NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), an Australia-based exploration and mining company, is pleased to announce that it has issued a further 1,352,941 ordinary shares to raise approximately £130,000 for working capital purposes. The Company issued 352,941 ordinary shares at a price per share of 8.5p and 1,000,000 ordinary shares at a price per share of 10p.

The Company has also issued a further 4,000,000 ordinary shares at a price equivalent to 7.875p per share as a consideration for the extension of a lending facility agreement between the Company and various parties.

Conversion of Loan Notes 

The Company is also pleased to announce that holders of the Company's convertible loan notes, described in the audited accounts for the year ended 31 December 2016, have exercised their right to convert their loan notes of £109,228 into 1,365,354 ordinary shares of 0.1p each in the Company at a price of 8p per share.


Following the issue of the new shares, the Company has 287,197,024 ordinary shares of 0.1p each in issue, each carrying the right to one vote.


The above figure of 287,197,024 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.


About NQ Minerals



NQ Minerals is an Australia-based exploration and mining company, focusing on projects where past exploration work has established the presence of mineral occurrences. The Company's management team has decades of experience in the exploration and production of gold, silver and a variety of base metals. Please visit our website at www.nqminerals.com.



For further information, please contact:



NQ Minerals Plc



Brian Stockbridge, Non - Executive Chairman


+ 44 (0) 7876 888011

Kris Kottmeier, VP Corporate Development

+ 44 (0) 20 3637 6522 (UK)



+ 1 (604) 506 6502 (North America)


Daniel Stewart & Company Plc



Richard Potts


+ 44 (0) 20 7776 6596


Nikhil Varghese

+ 44 (0) 20 7776 6596


Yellow Jersey PR



Charles Goodwin


+44 (0) 7747 788 221


Harriet Jackson


+44 (0) 7544 275 882

Henry Wilkinson


+44 (0) 7951 402 336




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