DJ NQ Minerals PLC Issue of Equity and Conversion of Loan Notes
RNS Number : 8898V
NQ Minerals PLC
08 November 2017
8 November 2017
NQ Minerals Plc
(the "Company" or "NQ Minerals")
Issue of Equity and Conversion of Loan Notes
NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), an Australia-based exploration and mining company, is pleased to announce that it has issued a further 1,764,706 ordinary shares at a price per share of 8.5p to raise approximately GBP150,000 for working capital purposes.
The Company is also pleased to announce that a holder of the Company's convertible loan notes, described in the audited accounts for the year ended 31 December 2016, has exercised his right to convert his loan note (including interest) of GBP28,000 into 350,000 ordinary shares of 0.1p each in the Company at a price of 8p per share. Following the issue of the new shares, the Company has 281,302,259 ordinary shares of 0.1p each in issue, each share carrying the right to one vote.
The above figure of 281,302,259 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 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.
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 6522 Development (UK) + 1 (604) 506 6502 (North America) Daniel Stewart & Company Plc Richard Potts + 44 (0) 20 7776 6596 Nikhil Varghese + 44 (0) 20 7776 6596 Yellow Jersey PR Felicity Winkles +44 (0) 7748 843 871 Harriet Jackson +44 (0) 7544 275 882 Henry Wilson +44 (0) 7951 402 336
This information is provided by RNS
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November 08, 2017 03:25 ET (08:25 GMT)