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DJ NQ Minerals PLC Issue of Equity - Conversion of Loan Notes

TIDMNQMI

RNS Number : 4572J

NQ Minerals PLC

28 June 2017

28 June 2017

NQ Minerals Plc

(The "Company" or "NQ Minerals")

Issue of equity - Conversion of Loan Notes

NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), an Australia-based exploration and mining company, is pleased to announce that holders of some of the convertible loan notes, set out in the audited accounts for the year ended 31 December 2016, have decided to convert their loans into ordinary shares in the Company.

Holders of GBP15,000 of convertible loan notes maturing on 30 July 2017 have been granted the right to convert early into 250,000 ordinary shares of 0.1p each in the company at a price of 6p per share.

The convertible loan notes that are eligible for repayment or conversion, including those above, are as follows:

 
  Maturity        Investment      Conversion      Number of ordinary 
     Date       by Noteholders       Price           shares in the 
                                                     Company to be 
                                                 issued to Noteholders 
                                                     if converted 
------------  -----------------  ------------  ----------------------- 
 30/07/2017       GBP160,000        GBP0.06           2,666,667 
------------  -----------------  ------------  ----------------------- 
 08/09/2017       GBP400,000        GBP0.06           7,433,334 
------------  -----------------  ------------  ----------------------- 
 20/10/2017       GBP80,000         GBP0.07           1,142,857 
------------  -----------------  ------------  ----------------------- 
 08/11/2017       GBP460,000        GBP0.06           7,816,667 
------------  -----------------  ------------  ----------------------- 
 06/12/2017       GBP62,500         GBP0.08            781,250 
------------  -----------------  ------------  ----------------------- 
 16/01/2018       GBP30,000         GBP0.08            375,000 
------------  -----------------  ------------  ----------------------- 
 15/03/2018       GBP16,000         GBP0.08            200,000 
------------  -----------------  ------------  ----------------------- 
           GBP1,208,500                               20,415,775 
 -------------------------------  -----------  ----------------------- 
 

Following the issue of the 250,000 new ordinary shares set out above, the Company has 250,592,290 ordinary shares of 0.1p each in issue, each share carrying the right to one vote.

The above figure of 250,592,290 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.

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 
                                       + 44 (0) 776 932 
 Joe Burgess                            5254 
 

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 .

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 28, 2017 08:59 ET (12:59 GMT)