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DJ NQ Minerals PLC Issue of Debt and Equity

TIDMNQMI

RNS Number : 7341T

NQ Minerals PLC

10 January 2017

NQ Minerals AUS$4m Fundraise and Issue of Equity

January 10, 2017 - The Directors of NQ Minerals PLC ("NQ" or the "Company") (ISDX: NQMI) wish to advise that the Company has executed a short term secured loan agreement with Kiwoz Limited and a New Zealand based family trust to provide $AUD 4m in funding for working capital purposes ("the Loan").

The Loan is secured by a general security deed over all present and future assets and undertakings of NQ Minerals PTY Limited ("NQ PTY"), a specific security deed over all shares held by NQPTY in its subsidiary, Circle Resources PTY Limited ("Circle") a general security deed over all present and future assets and undertakings of Circle and a mortgage in respect of the tenements held by Circle (EPM 18019 and ML 100040). The Loan is repayable by 5 December 2017 and carries a fee of AUD$35k plus interest at a rate of 12% per annum payable at the end of each quarter commencing from 1 January 2017.

The Directors of NQ are also pleased to announce the issue of 5 million shares in the Company at 8p per share to raise GBP400k ("New Shares").

Following the issue of the New Shares, the Company has 156,136,909 ordinary shares of 0.1p each in issue, each share carrying the right to one vote. The total number of voting rights in the Company is therefore 156,136,909.

The above figure of 156,136,909 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 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 investor information, please contact

Mr. Kris Kottmeier,

VP Corporate Development

UK/Euro Tel: +44 (0) 20 3637 6522

North America Tel: +1 (604) 506-2502

Email: invest@nqminerals.com

For further corporate information, please contact:

Mr. Brian Stockbridge

Non-Executive Chairman

NQ Minerals plc

Tel: + 44 (0) 7876 888 011

Corporate Advisor

Mr. Nick Michaels and Mr. Jon Isaacs

Alfred Henry Corporate Finance Limited

www.alfredhenry.com

Tel: +44 (0) 207 251 3762

This information is provided by RNS

The company news service from the London Stock Exchange

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January 10, 2017 02:00 ET (07:00 GMT)