DJ NQ Minerals PLC Issue of Equity
RNS Number : 2965Z
NQ Minerals PLC
17 May 2019
17 May 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 1,367,521 new ordinary shares at a price equivalent to 6.5 pence per share for payment settled with shares associated with a three month extension of maturing debt.
Following the issue of the new shares, the Company has 325,266,886 ordinary shares of 0.1p each in issue, each carrying the right to one vote.
The above figure of 325,266,886 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 IFC Advisory Ltd Brian Stockbridge Arden Partners Plc Financial PR Non - Executive Chairman Corporate Finance Graham Herring, firstname.lastname@example.org Ruari McGirr, Ciaran Tim Metcalfe + 44 (0) 787 688 8011 (United Walsh +44 (0) 203 934 6630 Kingdom) Dan Gee-Summons +44 (0) 207 416 5900 Colin Sutherland Chief Financial Officer email@example.com + 1 (416) 452 2166 (North America)
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(END) Dow Jones Newswires
May 17, 2019 02:00 ET (06:00 GMT)