Metals Exploration PLC Short Term Loans Update (2339M)

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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January 04, 2019 05:11 ET (10:11 GMT)

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