ISSUE OF EQUITY

RNS Number : 9223N

Metals Exploration PLC

04 October 2012

 



4 October 2012

METALS EXPLORATION PLC

ISSUE OF EQUITY

The Company announces that it has issued and allotted 124,069,477 new ordinary shares of 1p each in the Company ("Shares") at a price of 13 pence per new ordinary share, pursuant to a placing for cash, as previously announced on 31 July 2012. Application has been made to the London Stock Exchange for the new Shares to be admitted to trading on AIM which is expected to occur on 5 October 2012.

Following the issue of the new Shares there are 824,743,103 ordinary shares of 1p each in issue with each share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in the Company is therefore 824,743,103 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Metals Exploration under the Disclosure and Transparency Rules.

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

Metals Exploration PLC                                              [e-mail]

Ian R. Holzberger                                                        [phone]

(Chairman)                                                                  [phone]

Liam A. Ruddy                                                            [phone]

(Company Secretary)                                                 [phone]

Nominated Adviser

Westhouse Securities Ltd                                          [phone]

Martin Davison

Paul Gillam                                                     

Public Relations

Tavistock Communications

Edward Portman                                                         [phone]

Jos Simson                                                                 [phone]

 

END

 

 

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