Metals Exploration Share News (MTL)

| | as to acceptances and (iii) the date on | | | which the Offer lapses or is withdrawn; | | | | +-------------------+----------------------------------------------+ | "Offer Price" | 13 pence per Metals Exploration Share; | +-------------------+----------------------------------------------+ | "Official List" | the Official List of the UKLA; | +-------------------+----------------------------------------------+ | "Opening Position | as defined in the Code; | | Disclosure" | | | | | +-------------------+----------------------------------------------+ | "Overseas | Metals Exploration Shareholders whose | | Shareholders" | registered addresses are outside the UK or | | | who are citizens or residents of countries | | | other than the UK; | | | | +-------------------+----------------------------------------------+ | "Panel" | the Panel on Takeovers and Mergers; | +-------------------+----------------------------------------------+ | "pence" or "p" | UK pence sterling, the lawful currency of | | | the United Kingdom; | +-------------------+----------------------------------------------+ | "pounds" or "GBP" | UK pounds sterling, the lawful currency of | | | the United Kingdom; | +-------------------+----------------------------------------------+ | "Reef Securities" | Reef Securities Limited, a company | | | incorporated in the Bahamas under company | | | number 40387B; | | | | +-------------------+----------------------------------------------+ | "Restricted | any jurisdiction where local laws or | | Jurisdiction" | regulations may result in a significant risk | | | of civil, regulatory or criminal exposure if | | | information concerning the Offer is sent or | | | made available to Metals Exploration | | | Shareholders in that jurisdiction; | | | | +-------------------+----------------------------------------------+ | "Runruno Project" | Metals Exploration's principal project | | or "Runruno" | located in the Philippines with a | | | JORC-compliant resource of 1.42 million | | | ounces of gold and 25.6 million pounds of | | | molybdenum; | | | | +-------------------+----------------------------------------------+ | "Solomon" | Solomon Capital Limited, a company | | | incorporated in Guernsey with its registered | | | office at PO Box 119, Martello Court, | | | Admiral Park, St. Peter Port, Guernsey GY1 | | | 3HB; | | | | +-------------------+----------------------------------------------+ | "Solomon Board" | the board of directors of Solomon; | | | | +-------------------+----------------------------------------------+ | "South Africa" | South Africa, its possessions and | | | territories and all areas subject to its | | | jurisdiction or any political subdivision | | | thereof; | | | | +-------------------+----------------------------------------------+ | "Strand Hanson" | Strand Hanson Limited, the financial adviser | | | to Solomon; | | | | +-------------------+----------------------------------------------+ | "subsidiary" or | shall be construed in accordance with the | | "subsidiary | Companies Act 2006; | | undertaking" | | | | | +-------------------+----------------------------------------------+ | "UKLA" | the United Kingdom Listing Authority, being | | | the Financial Services Authority, acting in | | | its capacity as the competent authority for | | | the purposes of Part VI of FSMA; | | | | +-------------------+----------------------------------------------+ | "uncertificated" | recorded on the relevant register of the | | or "in | share or security concerned as being held in | | uncertificated | uncertificated form in CREST and title to | | form" | which, by virtue of the CREST Regulations, | | | may be transferred by means of CREST; | | | | +-------------------+----------------------------------------------+ | "United Kingdom" | the United Kingdom of Great Britain and | | or "UK" | Northern Ireland; | | | | +-------------------+----------------------------------------------+ | "United States" | the United States of America, its | | or "USA" | territories and possessions, all areas | | | subject to its jurisdiction or any | | | subdivision thereof, any state of the United | | | States of America and the District of | | | Columbia; | | | | +-------------------+----------------------------------------------+ | "US$" | US dollars, the currency of the United | | | States; | | | | +-------------------+----------------------------------------------+ | "Warrantholders" | the holders, from time to time, of Warrants; | | | and | | | | +-------------------+----------------------------------------------+ | "Warrants" | the existing outstanding warrants over | | | Metals Exploration Shares. | | | | +-------------------+----------------------------------------------+ | | | +-------------------+----------------------------------------------+ In this announcement, references to the singular include the plural and vice versa, unless the context otherwise requires, and words importing the masculine gender shall include the feminine or neutral gender. All references to legislation in this announcement are to English legislation unless the contrary is stated. Any references to any provision of any legislation shall include any amendment, re-enactment or extension thereof. END This information is provided by RNS The company news service from the London Stock Exchange END OFFUUVWRRKABUAR (END) Dow Jones Newswires July 23, 2010 02:00 ET (06:00 GMT)