DJ NQ Minerals PLC Issue of Equity
RNS Number : 8813P
NQ Minerals PLC
13 February 2019
13 February 2019
NQ Minerals Plc
(the "Company" or "NQ Minerals")
Issue of Equity
NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), mineral processing, exploration and mining company is pleased to announce that it has issued 490,909 new ordinary shares at a price equivalent to 11 pence per share to raise GBP 54,000 for working capital purposes.
Following the issue of the new shares, the Company has 323,899,365 ordinary shares of 0.1p each in issue, each carrying the right to one vote.
The above figure of 323,899,365 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 Minerals is an Australia-based mining company which commenced production in Q4 2018 at its flagship Hellyer Gold Mine. The Company anticipates strong cash-flow and profitability from Hellyer and has a portfolio of exciting exploration prospects. 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 Colin Sutherland, Chief Financial Officer + 1 (416) 452 2166 (North America)
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(END) Dow Jones Newswires
February 13, 2019 04:03 ET (09:03 GMT)