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Metals Exploration Nominated Adviser Resigns In Talks With Replacement
LONDON (Alliance News) - Metals Exploration PLC on Friday said its nominated adviser, Canaccord Genuity Ltd, has resigned with effect from April 14.
The company added it is in "advanced discussions" with a replacement nominated adviser, but no agreement has yet being finalised.
Under AIM rules, if no replacement is appointed by April 14, the company's shares will be suspended from trading. A month following the suspension, if still no replacement has been found, they will be cancelled.
Metals Exploration shares were trading up 5.5% at 0.58 pence each on Friday morning.
Metals Exploration Shares in this article
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