Issue of Equity and Conversion of Loan Notes

2 August 2017

NQ Minerals PLC
(the “Company” or “NQ Minerals”; NEX:NQMI, OTCQB: NQMLF)
Issue of Equity and Conversion of Loan Notes


NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), an Australia-based exploration and mining company, is pleased to announce that it has issued a further 6,013,447 ordinary shares to the Vendors (the “Further Consideration Shares”), as part of the consideration for the acquisition of the Hellyer Gold Mine in Tasmania (the “Acquisition”).

The Company has also issued 5,582,683 new shares in respect of fees agreed with third parties for services relating to the Acquisition.

Conversion of Loan Notes

Furthermore, the 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 GBP145,000 of convertible loans have exercised their right to convert into 2,416,667 ordinary shares of 0.1p each in the Company at a price of 6p per share.

Following the issue of the new shares, the Company has 264,605,087 ordinary shares of 0.1p each in issue, each carrying the right to one vote.

The above figure of 264,605,087 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.


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.


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)

Beaumont Cornish Limited
Roland Cornish, Chairman
+44 (0) 20 7628 3396
James Biddle
www.beaumontcornish.com

Daniel Stewart & Company Plc    
Richard Potts
+ 44 (0) 20 7776 6596
Daphne Zhang
+ 44 (0) 20 7776 6550

Yellow Jersey PR    
Felicity Winkles
+ 44 (0) 776 932 5254
Joe Burgess
+ 44 (0) 776 932 5254