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.

Related Shares

More News

23 May 2024 17:27

EARNINGS: Eneraqua in "difficult" year; Gusbourne revenue up

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately report...

9 May 2024 14:22

TRADING UPDATES: North American Income replaces investment manager

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

9 May 2024 10:44

AIM WINNERS & LOSERS: Robinson sales up; Thor Energy halts ASX trading

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

9 May 2024 09:11

LONDON MARKET OPEN: Stocks muted pre-BoE interest rate decision

(Alliance News) - Stock prices in London opened muted on Thursday, ahead of the latest interest rate decision from the Bank of England.

29 Apr 2024 13:55

IN BRIEF: Metals Exploration quarterly gold revenue grows

Metals Exploration PLC - Philippines-focused gold producer - Says in the first quarter of 2024, gold revenue grows 28% to USD44.4 million from USD34.7...

Latest Share Chat