Source - RNS
RNS Number : 2292K
NQ Minerals PLC
19 September 2016


NQ Minerals $2.35m fundraising



September 19, 2016 -  NQ Minerals (the "Company") (ISDX: NQMI) is pleased to announce that it has signed an agreement with White Fox Ventures ("White Fox") for White Fox to subscribe for new shares to raise USD$2.35 million in seven tranches over the next six months until 1 April 2017.  This follows from the first tranche of $150,000 investment in the Company made by White Fox as announced by the Company on 25 August 2016.


The Company has now agreed to issue a further 21,150,000 new shares in the Company to White Fox at a price of 11.1 cents (8.4p) per share, subject to the receipt of funding from White Fox.


Information on White Fox


White Fox is an OTXQB public traded company listed under the trading symbol AWAW.


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 .


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

Non-Executive Chairman

NQ Minerals plc

Tel: + 44 (0) 7876 888 011


Corporate Advisor

Mr. Nick Michaels and Mr. Jon Isaacs

Alfred Henry Corporate Finance Limited 

Tel: +44 (0) 207 251 3762

This information is provided by RNS
The company news service from the London Stock Exchange