Warrants Exercise

21 Dec 2005 07:00

Metals Exploration PLC21 December 2005 METALS EXPLORATION PLC ISSUE OF EQUITY 21 December 2005 Metals Exploration PLC ("the Company") today announces that it has issued andallotted 674,496 new Ordinary Shares of 1p each, at a price of 20 pence pershare, pursuant to the 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 29 December 2005. The total number of Ordinary Shares in issue following this exercise of warrantsis 48,605,328. This information is provided by RNS The company news service from the London Stock Exchange