Banking Update - Replacement

RNS Number : 5196P

Metals Exploration PLC

08 February 2019

 

8 Feb 2019

GENERAL TEXT AMENDEMENT

The following amendment has been made to the Banking Update released on 8 February 2019 at 10:08 under RNS No 5000P.

"due on 31 January 2018" should have read "due on 31 January 2019".

All other details remain unchanged. The full amended text is shown below.

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.

Banking Update

The Company announces that the Senior Lenders have agreed an extension of time until 31 March 2019 to complete the senior debt refinancing

The agreed extension also covers payments of capital amounts owing totalling US$ 35.64 million previously due on 31 January 2019 and the payment of any interest due on the loans until 31 March 2019. 

For further information please visit or contact www.metalsexploration.com

Darren Bowden	Chief Executive Officer	[phone]
Andrew Rodgers	Chief Financial Officer	[phone]
Liam Ruddy	Company Secretary	[phone]

Nominated Advisor & Broker :     CANACCORD GENUITY LIMITED
Martin Davison, James Asensio	[phone]

Public Relations :     TAVISTOCK
Jos Simson, Barnaby Hayward	[phone]

 

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