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Metals Exploration Loan Consolidation Deadline Extended To March 31

Thu, 31st Jan 2019 17:36

LONDON (Alliance News) - Metals Exploration PLC said Thursday it has extended the deadline to consolidate four short term shareholder loans into one.

Metal Exploration received the waiver from two major shareholders, who in November agreed an unsecured standby loan facility with the company.

The natural resources exploration and development company agreed a USD6.6 million facility for short term working capital use with shareholders MTL (Luxembourg) Sarl Ltd and Runruno Holdings Ltd.

Metals Exploration now has until March 31 to consolidate the loans into one facility.

Shares in Metals Exploration closed up 8.3% Thursday at 1.30 pence each

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15 Nov 19 11:56

Metals Exploration exceeds mining and processing budgets in third quarter

(Sharecast News) - Natural resources exploration and development company Metals Exploration updated the market on operations at the Runruno gold project in the Philippines for the latest quarter on Friday.

15 Nov 19 11:45

Metals Exploration cuts interim loss after gold production jumps

(Sharecast News) - Shares in Metals Exploration climbed on Friday after the company slashed its interim loss following a surge in gold production that bolstered revenues.

13 Sep 19 09:50

Metals Exploration Interim Loss Slashed By Gold Sales And Price Jump

(Alliance News) - Mining firm Metals Exploration PLC said Friday its interim loss was reduced as revenue leapt on rising gold sales and prices.For the six months ended June, pretax loss to

13 Sep 19 08:09

Metals Exploration Loan Standstill Talks Delayed By Typhoon Warning

(Alliance News) - Metals Exploration PLC on Thursday said it was not able to formally extend its standstill agreement with creditors due to a typhoon warning.Shares in Metals Exploration to

1 Aug 19 13:32

Metals Exploration Extends Lenders Standstill Deal Amid Ongoing Talks

(Alliance News) - Metals Exploration PLC confirmed Friday it had extended the standstill agreement with its lenders and major shareholders until July 31 as debt restructure talks Exploration the -

28 Jun 19 17:03

Metals Exploration Debt Talks Ongoing; Happy With Runruno Performance

(Alliance News) - Metals Exploration PLC said Tuesday negotiations to restructure its debt continue, and it is seeking an extension to the standstill agreement, which ends this in the mineral and

25 Jun 19 13:14

Metals Exploration Renews Again Standstill Agreement With Lenders

LONDON (Alliance News) - Metals Exploration PLC on Monday said it renewed once more a standstill agreement with its lenders and major shareholders for a further month until June 28.The the

3 Jun 19 14:25

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