Share Placing

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

This announcement is for information purposes only and is not a prospectus and not an offer of securities for sale in any jurisdiction, including in the United States, Australia, Canada, Japan and South Africa.

4 December 2019

MetalNRG plc

 ("MetalNRG" or "the Company")

Share Placing

MetalNRG plc (LSE:MNRG), the natural resource investing and exploration company, announces that it has raised £267,932 before expenses, through a conditional placing ("the Placing") of 59,540,461 new Ordinary Shares of 0.01p each (the "Placing Shares") at a price of 0.45p per share (the "Placing Price") representing a discount of approximately 13.5% to the Company's closing mid-market share price on 3 December 2019.

As a Standard listed company, the number of Ordinary Shares issued under the Placing was limited to 20 per cent of the Company's issued ordinary share capital. The Placing, which was oversubscribed, was arranged through Peterhouse Capital Limited ("Peterhouse") and S I Capital Limited ("SI Capital").

The Placing & Admission

The Placing Shares will be issued credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares. The Placing Shares represent approximately 16.55 % of the Company's enlarged issued share capital.

The issue of the Placing Shares is, inter alia, conditional on their admission to listing on the Standard segment of the Official List and trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the Placing Shares is expected to occur on or around 11 December 2019.

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following the issue of the New Shares referred to above, the issued ordinary share capital of MetalNRG will consist of 359,742,767 Ordinary Shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, MetalNRG under the DTRs.

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Rolf Gerritsen, CEO of MetalNRG, arranged for the release of this announcement.

The directors of the Company accept responsibility for the contents of this announcement.

Enquiries:

Notes for Editors:

MetalNRG plc (LSE:MNRG) is a natural resource investing and exploration company whose securities are listed on the main market of London Stock Exchange plc. 

The Company's primary strategy is to focus on seeking potential investments in precious and strategic metals and oil and gas through the application of disciplined and structured exploration and analysis.

 The Company will update the market as and when appropriate.