TIDMMTL

RNS Number : 0690T

Metals Exploration PLC

29 June 2018

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

 
 
     Ian R. Holzberger (Executive Chairman)         +63 (0) 9189 795 992 
                                                    +61 (0) 418 886 165 
 
     Liam A. Ruddy (Company Secretary)              +63 (0) 918 979 2931 
                                                    +44 (0) 7911 719 960 
 
     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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 29, 2018 06:05 ET (10:05 GMT)

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