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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 .

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)