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 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
This information is provided by RNS