Issue of Equity

17 Nov 2006 12:47

Metals Exploration PLC17 November 2006 Metals Exploration PLC Exercise of Warrants Metals Exploration PLC ("the Company") announces that it has issued and allotted59,375 new Ordinary Shares of 1p each at a price of 20 pence per share, pursuantto an exercise of warrants. The new Ordinary Shares will rank pari passu with the existing Ordinary Sharesof 1p each in the Company and trading of these shares on AIM is expected tocommence on the 23rd November 2006. The total number of Ordinary Shares in issue following this exercise of warrantsis 76,144,667 Further information Steven Smith Tel: +44 (0) 7797 721 858Chairman, Metals Exploration PLC Jonathan Anderson Tel: +44 (0) 7950 410 680Investor relations Adrian Hadden Tel: +44(0) 20 7523 8350Collins Stewart Limited ENDS This information is provided by RNS The company news service from the London Stock Exchange