London listed NQ Minerals Plc (AQSE: NQMI, OTCQB: NQMLF, OTCQB:NQMIY; Frankfurt: 44D) has announced that it has raised £35,000.00 (gross) at 7p per share from a private investor for general working capital purposes and the Company will issue 500,000 new ordinary shares under this equity issue.
Admission and Settlement
Application will be made for the Placing Shares to be admitted to trading on the Aquis Stock Exchange and admission is expected to occur on or around 22 July 2021 (“Admission“). Upon Admission, the Company will have 547,161,038 ordinary shares of 0.1p each in issue, each carrying the right to one vote. There are no shares held in treasury.
The total voting rights in the Company will therefore be 547,161,038 and shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules. The placing is conditional upon the terms of a placing agreement and the shares being admitted to trading on the Aquis Stock Exchange.
About NQ Minerals
NQ Minerals is a green mining company focused on the environmental rehabilitation and sustainable exploration and extraction of minerals required for a net zero emissions world at former precious metal mining locations in Australia.
NQ commenced environmental rehabilitation and base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. In 2021, rehabilitation and exploration work began at its second flagship project, the historic high-grade Beaconsfield Gold Mine in Tasmania which it is planning to bring back into production later this year.