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NQ Minerals raises £150,000 through share issue

A further £28,000 flowed into the coffers as loan notes were converted into shares at 8p a throw
Wad of pound notes
After the fund raising, the company has 281,302,259 shares in issue

NQ Minerals PLC (NEX:NQMI, OTCQB:NQMLF), an Australia-based exploration and mining company, has raised roughly £150,000 through a share issue for working capital purposes.

The company issued 1.76mln shares at 8.5p a pop.

NQ has also had an inflow into its coffers of £28,000 as a result of a conversion of loan notes into 350,000 shares.

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