Source - RNS
RNS Number : 3522I
NQ Minerals PLC
30 August 2016



NQ Minerals Welcomes Mr. Allen Ambrose

To The Board of Directors


August 29, 2016  -  NQ Minerals (the "Company") (ISDX: NQMI) is pleased to welcome Mr. Allen Ambrose to the Board of Directors.


Mr. Allen Ambrose is a licensed Registered Professional Geologist with over three decades of exploration and mining industry experience, throughout North and South America for gold, silver, and other commodities. He has been involved with major and junior mineral exploration and mining companies since 1979. While an executive with junior exploration companies he raised over $180 million in equity capital in companies that discovered over $50 billion of contained metals under his direction.


Mr. Ambrose previously worked for N. A. Degerstrom Inc. as Manager of Exploration where he was co-discoverer of the Brisas del Cuyuni gold deposit (plus 10 million ounces gold equivalent) in the Kilometer 88 mining area of Venezuela, while acting as a consultant to Gold Reserve Corp. He also is a Director and founder of Minera Andes Inc. that was combined with NYSE-listed McEwen Mining in January 2012.  Mr. Ambrose remains a key director of McEwen Mining.  As a geologist he has worked for Cyprus Minerals, Kidd Creek Mines, Molycorp, Boise Cascade and Dennison Mines. He holds a BS in Geology from Eastern Washington University and attended graduate school. He is Registered Geologist #763 with the State of Washington, a Member the Prospector's and Developer's Association, and a former trustee of the American Mining and Exploration Association.  He is also a director and founder of several junior exploration companies.


Commenting, Non-Executive Chairman Brian Stockbridge, said:


"Mr. Ambrose is a welcome addition to the Board and will strengthen our team as we move into the next exciting phase of the Company's development. His extensive experience in mine development and mineral exploration, along with his numerous contacts in the mining sector and public markets will be significant in NQ Minerals' efforts to maximize shareholder value."


Mr. Ambrose has options over a total of 4,000,000 ordinary shares of 0.01p each in the Company exercisable at 6p per share, representing 2.77% of the Company's issued share capital.


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


Additional Information


In addition to his directorship of the Company, Mr. Ambrose (aged 59) holds or has held the following directorships or is or has been a partner in the following partnerships within the five years prior to his appointment:




Angel Gold Corp. (TSX-V)

Dolly Varden Silver Corporation (TSX-V)

Bama Gold Corp. (TSX-V) 

Mexivada Mining Corp. (TSX-V)

NRG Metals Inc. (TSX-V)  

Rockgate Capital (TSX)

McEwen Mining Inc (NYSE)

St Vincent Minerals (private)

Pedro Resources Ltd. (TSX-V)

Wolfeye Resource Corp. (TSX-V)

Pediment Gold Corp (TSX-V) 





Save as disclosed above, no additional information relating to Mr. Ambrose falls to be disclosed pursuant to paragraph 21 of Appendix 1 of the ISDX Growth Market - Rules for Issuers.



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