Issue of Equity and Conversion of Loan Notes

1 October 2018

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


Further shares issued in connection with the financing of the Hellyer Project

NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), an Australia-based exploration and mining company, is pleased to announce that it has issued 2,000,000 new ordinary shares at a price equivalent to 12.5 pence per share to raise approximately GBP250,000 for working capital purposes.

Conversion of Loan Notes

The Company is also pleased to announce that several holders of the Company’s convertible loan notes have exercised their right to convert their loan note totalling GBP81,000 into 1,134,000 ordinary shares of 0.1p each in the Company at a price of 8 pence per share.

Following the issue of the new shares, the Company has 320,695,024, ordinary shares of 0.1p each in issue, each carrying the right to one vote.

The above figure of 320,695,024 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.

END


About NQ Minerals

NQ Minerals is a London listed company with a significant cash producing asset under construction in Tasmania, Australia. NQ also has highly prospective exploration and mining tenements in North Queensland, Australia. NQ has a focus on project locations where past exploration work has established the presence of noteworthy 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 Development

 

+ 44 (0) 20 3637 6522 (UK)

+ 1 (604) 506 6502 (North America)

Daniel Stewart & Company Plc
Richard Potts + 44 (0) 20 7776 6596
Nikhil Varghese + 44 (0) 20 7776 6571
Beaumont Cornish Limited
Roland Cornish, Chairman + 44 (0) 20 7628 3396
James Biddle www.beaumontcornish.com

 

IFC Advisory Ltd
Graham Herring + 44 (0) 20 3934 6630
Tim Metcalfe

 

Miles Nolan

+ 44 (0) 20 3934 6630

 

+ 44 (0) 20 3934 6630