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31 Mar 2011 14:00
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31 March 2011
SOLOMON CAPITAL LIMITED
("Solomon")
Delay in closing of the Cash Offer by Strand Hanson Limited on behalf of Solomon Capital Limited for the entire issued and to be issued
ordinary share capital of Metals Exploration plc ("Metals Exploration")
not already owned by Solomon Capital Limited
Solomon announces that the Metals Exploration General Meeting due to be held at 11.00 a.m. today was adjourned by Metals Exploration and will now take place at 1.00 p.m. on Monday 4 April 2011.
Accordingly, it is now expected that Accepting Shareholders will be able to exercise the Right to Rescind with effect from 5 April 2011 and that the Offer will now close on 19 April 2011.
Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the Circular dated 8 March 2011.
Enquiries:
Solomon Capital Limited
Richard Williams Tel: +44 (0)1481 722 111
This announcement is for information purposes only and is not intended to, and does not, constitute, or form any part of, an offer to sell or an invitation to subscribe for or purchase Metals Exploration Shares or any other securities, nor shall there be any sale, issue or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law.
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