Issue of Equity and Conversion of Loan Notes

14 February 2018

NQ Minerals PLC
(the “Company” or “NQ Minerals”; NEX: NQMI, OTCQB: NQMLF)
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 1,352,941 ordinary shares to raise approximately GBP130,000 for working capital purposes. The Company issued 352,941 ordinary shares at a price per share of 8.5p and 1,000,000 ordinary shares at a price per share of 10p.

The Company has also issued a further 4,000,000 ordinary shares at a price equivalent to 7.875p per share as a consideration for the extension of a lending facility agreement between the Company and various parties.

Conversion of Loan Notes

The Company is also pleased to announce that holders of the Company’s convertible loan notes, described in the audited accounts for the year ended 31 December 2016, have exercised their right to convert their loan notes of GBP109,228 into 1,365,354 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 287,197,024 ordinary shares of 0.1p each in issue, each carrying the right to one vote.

The above figure of 287,197,024 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 www.nqminerals.com.


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

 

www.beaumontcornish.com

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