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NQ Minerals raises around £781,787 via share issue for working capital purposes

In a statement, the NEX-listed company said it issued 6,082,657 ordinary shares at 8.5p per each and 3,091,475 ordinary shares at a price equivalent to 10p per share
Fund raising
The group also issued 4,000,000 new shares at 10p per share in respect of fees agreed with third parties

NQ Minerals PLC (LON:NQMI), the Australia-based exploration and mining company, has raised approximately £781,787 for working capital purposes through the issue of a further 9,174,132 ordinary shares.

In a statement, the NEX-listed company said it issued 6,082,657 ordinary shares at 8.5p per each and 3,091,475 ordinary shares at a price equivalent to 10p per share.

READ: NQ Minerals appoints adviser for AIM flotation

The group also issued 4,000,000 new shares at 10p per share in respect of fees agreed with third parties for services in connection with introductions for further financing.

Back in July, NQ Minerals revealed that it had appointed Beaumont Cornish Limited to advise the company in relation to its intended admission to AIM.

Earlier this year the company completed its purchase of the Hellyer gold-silver-lead-zinc mine in Tasmania.

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