NQ Minerals PLC - Issue of Equity and Conversion of Loan Notes
RNS Number : 5617C
NQ Minerals PLC
01 October 2018
 

1 October 2018

 

NQ Minerals Plc

(the "Company" or "NQ Minerals")

Issue of Equity and Conversion of Loan Notes

Further shares issued in connection with the financing of the Hellyer Project

NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), an Australia-based exploration and mining company, is pleased to announce that it has issued 2,000,000 new ordinary shares at a price equivalent to 12.5 pence per share to raise approximately £250,000 for working capital purposes.

Conversion of Loan Notes

The Company is also pleased to announce that several holders of the Company's convertible loan notes have exercised their right to convert their loan note totalling £81,000 into 1,134,000 ordinary shares of 0.1p each in the Company at a price of 8 pence per share.

 

Following the issue of the new shares, the Company has 320,695,024, ordinary shares of 0.1p each in issue, each carrying the right to one vote.

 

The above figure of 320,695,024 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.

-END-

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 6550

 

Joel Bayley

+ 44 (0) 20 7776 6550

 

IFC Advisory

 

 

Graham Herring

 

+44 (0) 20 3934 6630

 

Tim Metcalfe

 

+44 (0) 20 3934 6630

Miles Nolan

 

+44 (0) 20 3934 6630

 

 

 

 

 

 

 

 

 

 


This information is provided by RNS, the news service of the . RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NEXMBBJTMBMMBMP ]]>