Metals Exploration PLC Short Term Loans Update (2339M)
04 January 2019 - 9:11PM
UK Regulatory
TIDMMTL
RNS Number : 2339M
Metals Exploration PLC
04 January 2019
4 Jan 2019
METALS EXPLORATION PLC
Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the
"Company"), the natural resources exploration and development
company with assets in the Pacific Rim region.
Short Term Loans Update
On 31 December 2018 the Company announced that it was in default
of a condition subsequent pursuant to the terms and conditions of
the $6.6million short term loan received from MTL (Luxembourg) Sarl
Limited and Runruno Holdings Limited (together the "Lenders").
The Company confirms the Lenders have approved an extension of
time to complete the work required to fulfil the condition
subsequent until 31 January 2019.
For further information please visit or contact
www.metalsexploration.com
Ian R. Holzberger (Non-Executive Chairman) +61 (0) 418 886 165
Liam A. Ruddy (Company Secretary) +44 (0) 7904 200857
Andrew Rodgers (Chief Financial Officer) +61 412 429 856
Nominated Adviser and Broker: CANACCORD GENUITY LIMITED
Martin Davison, James Asensio +44 (0) 207 523 4689
Public Relations: TAVISTOCK
Barnaby Hayward, Jos Simson +44 (0) 207 920 3150
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END
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