Metals Exploration Nominated Adviser Resigns In Talks With Replacement

Fri, 15th Mar 2019 10:20

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.

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