NQ Minerals acquires Hellyer Gold Mine in Tasmania

NQ Minerals PLC
(the “Company” or “NQ Minerals”; NEX:NQMI”)
NQ Minerals acquires Hellyer Gold Mine in Tasmania

18 May 2017

NQ Minerals Plc is pleased to announce that it has completed the acquisition of all of the issued and outstanding shares of Keen Pacific Limited (“Keen”), along with its wholly-owned subsidiaries Ivy Resources Pty Ltd and Hellyer Gold Mines Pty Ltd (the “Acquisition”). The acquisition sees NQ Minerals wholly own the prospective Hellyer Gold Mine in Tasmania, Australia and is in line with the Company’s strategy of becoming a near-term revenue generating gold and base metal production company.

The Company announces that it has issued 70,636,918 new Ordinary Shares as part of the consideration for the Acquisition. Following the issue of the new shares, the Company has 241,020,322 Ordinary Shares of 0.1p each in issue, each share carrying the right to vote.

The above figure of 241,020,322 Ordinary Shares 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.

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