Writ of Kalikasan

RNS Number : 9431Q

Metals Exploration PLC

21 October 2013

 



21 October 2013

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.

Writ of Kalikasan

FCF Minerals Corporation (FCF), a wholly owned subsidiary of Metals Exploration Plc (MEP) and owner of the Runruno gold project in the Philippines, has been served with a second Writ of Kalikasan and Temporary Environment Protection Order. It has been requested to appear before the Court of Appeals to respond. In addition to FCF, the petition has been served upon The Department of Environment and Natural Resources and the presiding Judge of the Regional Trial Court of the previous Writ of Kalikasan which was decided on 17 October 2013.

A Writ of Kalikasan (literally, a Nature Writ) is a remedy under the 2010 Rules of Procedure for Environmental Cases that seeks protection of one's constitutional right to a balanced and healthful ecology.  FCF believes the basis of the writ is flawed.  Once again, FCF believe these claims are driven by vexatious intent, are entirely unfounded and the petition is based on significant inaccurate facts.

FCF working in conjunction with the relevant Government agencies (that have provided FCF with all appropriate licences, along with numerous environmental and community support awards) will vigorously defend its position and rights in the Court of Appeals. The appeal hearing is due to take place on or before 27 October 2013 and FCF will lodge its response in good time.

FCF will consider all appropriate remedies against the counterparties to the writ as it considers necessary, given the inaccurate allegations and claims made in the writ. At this point, FCF does not believe that the Writ will be successful, and therefore no quantitative value of its impact has been made.

Metals Exploration will continue to provide information when the action further develops.

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

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]

Broker

SP Angel Corporate Finance LLP                                               

Ewan Leggat                                                                                       [phone]

 

END

 

 

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