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NQ Minerals PLC (NQMI)

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Thursday 21 June, 2018

NQ Minerals PLC

Issue of Equity

RNS Number : 1288S
NQ Minerals PLC
21 June 2018
 

21 June 2018

 

NQ Minerals Plc

(the "Company" or "NQ Minerals")

 

Issue of Equity

 

NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), an Australia based exploration and mining company, is pleased to announce that it has issued a further 15,000,000 ordinary shares. The shares were issued in respect of the delivery of two duly executed copies of Variation Deeds to the benefit of the Company thereby enabling further funding for the Company. The Ordinary Shares are being issued to the financiers that previously enabled the acquisition of Hellyer and one of which has recently contributed further funding to the refurbishment program at Hellyer.  The current refurbishment program has a target completion date of 31 August 2018.

 

Following the issue of the new shares, the Company has 317,699,912 ordinary shares of 0.1p each in issue, each carrying the right to one vote.

The above figure of 317,699,912 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.

 

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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

 

 

IFC Advisory

 

Graham Herring

 

Tim Metcalfe

 

Miles Nolan

 

 

+ 44 (0) 20 7776 6571

 

 

 

 

+ 44 (0) 20 3934 6630

+ 44 (0) 20 3934 6630

+ 44 (0) 20 3934 6630

 

 

 

 

 


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