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NQ Minerals' says US$55mln loan facility with ING 'streamlines structure very significantly'

NQ Minerals PLC's (AQSE:NQMI)(OTCQB:NQMLF) David Lenigas talks to Proactive London about their US$55mln loan facility with ING.

He says 'it's very significant particularly in these Covid-19 times when everyone has been trying to close things from a virtual perspective'.

The funds from the ING Facility are being used to retire all project debt maturing in 2020. This debt was secured over the assets of, and shares in, Hellyer, the company's tailings reprocessing project in Tasmania, Australia.

He goes on to say 'it streamlines our structure very significantly and adds a lot of extra net revenue to our bottom line'.

Mentioning the Beaconsfield Gold Project, he says 'we are in the mood to get it pouring gold as soon as possible'.

Quick facts: NQ Minerals PLC

Price: 5.31 GBX

AQSE:NQMI
Market: AQSE
Market Cap: -
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NQ Minerals eyes LSE listing after achieving key milestones at Hellyer and...

NQ Minerals PLC's (LON:NQMI) (OTCMTS:NQMLF) chairman David Lenigas speaks to Proactive London after submitting a draft prospectus to the UK Financial Conduct Authority for approval to list on the London Stock Exchange. Lenigas believes now is the time after achieving key milestones at their...

on 01/25/2021

2 min read