4 Jan 2019 10:11
4 Jan 2019
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.
Short Term Loans Update
On 31 December 2018 the Company announced that it was in default of a condition subsequent pursuant to the terms and conditions of the $6.6million short term loan received from MTL (Luxembourg) Sarl Limited and Runruno Holdings Limited (together the "Lenders").
The Company confirms the Lenders have approved an extension of time to complete the work required to fulfil the condition subsequent until 31 January 2019.
For further information please visit or contact www.metalsexploration.com
Ian R. Holzberger (Non-Executive Chairman) | +61 (0) 418 886 165 | ||
Liam A. Ruddy (Company Secretary) | +44 (0) 7904 200857 | ||
Andrew Rodgers (Chief Financial Officer) | +61 412 429 856 | ||
Nominated Adviser and Broker: CANACCORD GENUITY LIMITED | |||
Martin Davison, James Asensio | +44 (0) 207 523 4689 | ||
Public Relations: TAVISTOCK | |||
Barnaby Hayward, Jos Simson | +44 (0) 207 920 3150 | ||
Metals Exploration (MTL)