29 Jun 2018 11:05
29 June 2018
METALS EXPLORATION PLC
Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), the natural resources exploration and development company with assets in the Pacific Rim region.
Banking Update
The Company's senior lenders (the Hong Kong & Shanghai Banking Corporation Limited and BNP Paribas) have provided consent to a waiver request to defer the December 2017, March 2018 and June 2018 capital payment amounts totalling US $20.25 million, until 31 July 2018. This waiver supersedes the previous waivers granted by the senior lenders for the December 2017 and March 2018 capital payments.
A quarterly Company update will be released mid July 2018.
For further information please visit or contact www.metalsexploration.com
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| Ian R. Holzberger (Executive Chairman) | +63 (0) 9189 795 992 |
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| +61 (0) 418 886 165 |
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| Liam A. Ruddy (Company Secretary) | +63 (0) 918 979 2931 |
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| +44 (0) 7911 719 960 |
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| Andrew Rodgers (Chief Financial Officer) | +61 412 429 856 |
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| Nominated Adviser and Broker: CANACCORD GENUITY LIMITED |
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| Martin Davison, James Asensio | +44 (0) 207 523 4689 |
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| Public Relations: TAVISTOCK |
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| Barnaby Hayward, Jos Simson | +44 (0) 207 920 3150 |
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Metals Exploration (MTL)