US$21m Mezzanine Facility Documentation Completed

RNS Number : 3728S

Metals Exploration PLC

02 October 2017

 

2 October 2017

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.

US $21 million Mezzanine Debt Facility Documentation Completed

The Company is pleased to announce that the facility documentation was completed on Friday 29 September.  The funds will now be drawn down to be utilised to repay two short term loans received from the shareholders and to make a capital and interest payment to the Group's senior lenders, today Monday 2 October 2017.

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

Ian R. Holzberger (Executive Chairman)	[phone]
	[phone]
Liam A. Ruddy (Company Secretary)	[phone]
	[phone]
Andrew Rodgers (Chief Financial Officer)	[phone]
Nominated Adviser and Broker:        CANACCORD GENUITY LIMITED
Martin Davison, James Asensio	[phone]
Public Relations:                        TAVISTOCK
Barnaby Hayward, Jos Simson	[phone]

 

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