DJ NQ Minerals PLC Financing - NQ Minerals bond
RNS Number : 2031J
NQ Minerals PLC
26 June 2017
26 June 2017
NQ Minerals Plc
(The "Company" or "NQ Minerals")
Financing - NQ Minerals bond
NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), an Australia-based exploration and mining company, is pleased to announce that it has retained Bedford Row Capital Advisers Limited as arranger and Lead Manager for a proposed asset-backed bond to raise up to GBP25 million, which would be listed in Frankfurt ("Bond"). The Bond would have a five year term, yielding 12% pa and be secured by the assets of NQ Minerals. The Bond will be made available to interested parties via registered brokers.
Depending on the amount raised by the Bond issue, the Company intends to use any proceeds for re-scheduling existing debt, refurbishing the plant to enable producton and for working capital purposes.
The Bond is subject to the execution of final definitive legal documentation.
This announcement contains information that was inside information until its release in this announcement.
For further information, please contact:
NQ Minerals Plc Brian Stockbridge, Non - Executive Chairman + 44 (0) 7876 888011 Kris Kottmeier, VP Corporate + 44 (0) 20 3637 Development 6522 (UK) + 1 (604) 506 6502 (North America) Daniel Stewart & Company Plc + 44 (0) 20 7776 Richard Potts 6596 + 44 (0) 20 7776 Daphne Zhang 6550 Yellow Jersey PR + 44 (0) 782 591 Alistair de Kare-Silver 6715
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 .
About Bedford Row Capital
Bedford Row Capital Advisers (BRCA) acted as arranger and lead manager for Audley Funding PLC.
Bedford Row Capital Advisers is a corporate finance and advisory business, with a focus on financing businesses and projects via the origination and placement of high quality, listed, freely transferable debt securities.
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
June 26, 2017 11:31 ET (15:31 GMT)