NQ Minerals Plc (AQSE:NQMI) has announced that it has raised £917,485 (gross) at 6.5 pence per share for general working capital purposes and to accelerate the re-opening of the Beaconsfield Gold Mine in Tasmania, Australia.
The Company acquired the Beaconsfield Gold Mine as announced on June 29, 2020. The Company will issue 14,115,154 new ordinary shares under this equity issue.
Admission and Settlement
Application has been made for the Placing Shares to be admitted to trading on the Aquis Exchange and admission is expected to occur on or around 11 July 2020. Upon Admission, the Company will have 360,868,145 ordinary shares of 0.1p each on 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 360,868,145 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 Exchange.
