Correction: Equity Issue, Conversion of Loan Notes

14 February 2018

NQ Minerals PLC
(the “Company” or “NQ Minerals”; NEX: NQMI, OTCQB: NQMLF)
Correction: Equity Issue, Conversion of Loan Notes

As referred to in the previous announcement, the Company had identified a discrepancy in the announced share capital from the announcement on 26 September resulting in the announced share capital exceeding actual share capital by 823,530 ordinary shares. As a result, the stated share capital for the announcement on 8 November was also inaccurate.

The correct figure for the issued share capital at 8 November 2017 would have been 280,478,729 ordinary shares of 0.1p each.

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 280,478,729 ordinary shares of 0.1p each in issue, each carrying the right to one vote.

The above figure of 280,478,429 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 Plc (NEX:NQMI) (OTCQB: NQMLF) is building a leading gold and base metal production, development and exploration company. The Company’s flagship project is its wholly owned Hellyer Gold Mine, a world-class, company maker project, located in Tasmania Australia., with a near-term production development route and the potential to generate revenues exceeding AU$1.3 billion over its current 10 year life of mine.

The Company’s primary focus is on bringing the Hellyer Gold Mine into production during 2018, which has the potential to transform NQ Minerals into a revenue generating mining company within a short time period. Development work during 2017/2018 will involve the refurbishment of the existing operating facilities in order to extract and treat the large high-grade tailings deposit on site and produce three marketable concentrates (lead, zinc, gold/silver/pyrite).

In addition NQ Minerals has two gold and silver projects in the prospective mining districts of Ukalunda and Square Post, both in North Queensland.

Please visit our website at

For further information, please contact:

NQ Minerals Plc

Brian Stockbridge, Non – Executive Chairman

+ 44 (0) 7876 888011

Kris Kottmeier, VP Corporate Development



Beaumont Cornish Limited

Roland Cornish, Chairman


James Biddle

+ 44 (0) 20 3637 6522 (UK)

+ 1 (604) 506 6502 (North America)



+ 44 (0) 20 7628 3396

Daniel Stewart & Company Plc

Richard Potts


Nikhil Varghese

+ 44 (0) 20 7776 6596


+ 44 (0) 20 7776 6571


Yellow Jersey PR

Felicity Winkles

+ 44 (0) 7748 843 871


Harriet Jackson


Henry Wilson

+ 44 (0) 7544 275 882


+ 44 (0) 7951 402 336