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Many thanks Pipmaster; I hoped it was linked to that as you said. Agreed Aquis is not the best, a main listing shoild be much better...fingers crossed.
You can thank the bond holders for this one. They would not let the re finance happen. Aquis is the worst exchange and this will end up being a blessing for NQ. Get the re finance done now and finally get the upgrade to LSE.
Noticed the following RNS posted today, but nothing listed on here? Guessing the same company?
Seems crazy as the mining is going well?
RNS Number : 1399H
NQ Minerals PLC
30 July 2021
30 July 2021
NQ Minerals Plc
("NQ" or the "Company")
Cease Trading Request to London AQSE
Director Change
Appointment of Begbies Traynor
NQ Minerals Plc, the green mining company, has today requested that the Companies shares cease trading on the Aquis Stock Exchange, and any other dual trading exchanges, with immediate effect.
Following the series of resignations from the board of directors this year the current board have worked tirelessly to produce a set of accounts which correctly reflect the position of the group. With the information available to them at the moment they do not believe that they can approve the accounts for the financial year ended 31 December 2020 as there are several issues within the accounts, still remaining to be resolved to the boards satisfaction. Accordingly, the production of the accounts will be delayed, and the shares suspended.
The Company has appointed Paul Cooper and Paul Appleton of restructuring specialists Begbies Traynor Group plc to advise the Board of Directors on its restructuring options as the Board are of the opinion that the Company's ability to continue as a going concern is now potentially in doubt.
The Company also advises that Mr Kevin Puil has resigned as a non-executive from the board of directors of NQ with immediate effect. His resignation is the fifth director resignation this year following the earlier resignations of Walter Doyle the ex-Director/CEO, Roger Jackson ex-Executive Director, Colin Sutherland the ex-Director/CFO and Allen Ambrose ex-non-Executive Director.
Senior roles and responsibilities within the Company have been taken up by Adrian Moroz, who has taken on not only the CFO role but has also been appointed interim CEO. Mr Richard Poulden, an experienced corporate executive and barrister, also recently joined the Plc board. At the subsidiary level, Mr Stephen White remains NQ's director at Hellyer and is key to our operations. Mr Pierre Richard joined the board of NQ's subsidiary in charge of Beaconsfield and is running the plans to re-open Beaconsfield.
The Companies main operations in Australia will continue to operate as usual.
-END-
About NQ Minerals
NQ Minerals Plc ("NQ") is an Australian mining company focused on the environmental rehabilitation of former precious metal mining operations and the extraction of minerals required in clean energy delivery including gold. Its stock is traded on the UK's AQSE exchange (AQSE: NQMI), the German Frankfurt Exchange (FSE: 44D) and US OTC Market (OTCQB: NQMLF). It also has a 1:100 ADR traded on the OTC Market (OTCQB: NQMIY). For further information on the Company and its projects in Tasmania and North Queensland, Australia, ple