September 1, 2016
NQ Minerals PLC
(“NQ Minerals” or the “Company”)
NQ Minerals Notice of General Meeting
September 1, 2016 – NQ Minerals (the “Company”) (ISDX: NQMI) is pleased to announce that it has today sent a notice to its shareholders convening a general meeting to be held at 10 am on Monday 19 September 2016 at the offices of DAC Beachcroft, 100 Fetter Lane EC4A 1BN (the “General Meeting”).
Following an allotment of 1,350,000 Ordinary shares on 25 August 2016 the Company has authority to allot 809,091 equity securities (as defined in section 560 of the Companies Act 2006) under an existing authority. Accordingly, the directors of the Company (the “Directors”) are seeking the approval of the Company’s shareholders (the “Shareholders”) at the General Meeting to ensure that they have sufficient authority to allot certain equity securities on a non pre-emptive basis for general working capital purposes.
The Company is therefore seeking shareholders’ approval by way of the following proposed ordinary resolution and special resolution at the General Meeting:
(i) Resolution 1, which will be proposed as an ordinary resolution is to authorise the Directors to allot equity securities up to an aggregate nominal amount of £40,000 provided that such authority shall expire on the date being 15 months from the date of the passing of the resolution or, if earlier, the conclusion of the next annual general meeting of the Company; and
(ii) Resolution 2, which will be proposed as a special resolution and which is conditional upon the passing of Resolution 1, dis-applies Shareholders’ statutory pre-emption rights (which require a company to offer new shares for cash first to existing shareholders in proportion to their holdings) in relation to the allotment of equity securities for cash on a non-pre-emptive basis up to an aggregate nominal amount of £40,000, provided that such authority shall expire on the date being 15 months from the date of the passing of the resolution or, if earlier, the conclusion of the next annual general meeting of the Company.
About NQ Minerals
NQ 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 investor information, please contact
Mr. Kris Kottmeier,
VP Corporate Development
UK/Euro Tel: +44 (0) 20 3637 6522
North America tel: +1 (604) 506-2502
Email: [email protected]
For further corporate information, please contact:
Mr. Brian Stockbridge
NQ Minerals plc
Tel: + 44 (0) 7876 888 011
Mr. Nick Michaels and Mr. Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel: +44 (0) 207 251 3762