Source - RNS
RNS Number : 4572J
NQ Minerals PLC
28 June 2017
 

 

28 June 2017

 

NQ Minerals Plc

(The "Company" or "NQ Minerals")

 

Issue of equity - Conversion of Loan Notes 

                                                                                                                

NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), an Australia-based exploration and mining company, is pleased to announce that holders of some of the convertible loan notes, set out in the audited accounts for the year ended 31 December 2016, have decided to convert their loans into ordinary shares in the Company.

 

Holders of £15,000 of convertible loan notes maturing on 30 July 2017 have been granted the right to convert early into 250,000 ordinary shares of 0.1p each in the company at a price of 6p per share.

 

The convertible loan notes that are eligible for repayment or conversion, including those above, are as follows:

 

Maturity Date

Investment by Noteholders

Conversion Price

Number of ordinary shares in the Company to be issued to Noteholders if converted

30/07/2017

£160,000

£0.06

2,666,667

08/09/2017

£400,000

£0.06

7,433,334

20/10/2017

£80,000

£0.07

1,142,857

08/11/2017

£460,000

£0.06

7,816,667

06/12/2017

£62,500

£0.08

781,250

16/01/2018

£30,000

£0.08

375,000

15/03/2018

£16,000

£0.08

200,000


£1,208,500


20,415,775

 

Following the issue of the 250,000 new ordinary shares set out above, the Company has 250,592,290 ordinary shares of 0.1p each in issue, each share carrying the right to one vote.

The above figure of 250,592,290 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.

 

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

Daphne Zhang

+ 44 (0) 20 7776 6550



Yellow Jersey PR


Alistair de Kare-Silver

+ 44 (0) 782 591 6715

Joe Burgess

+ 44 (0) 776 932 5254

 

 About NQ Minerals

 

NQ Minerals 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 .

 

                                                                            


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