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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Metals Exploration Plc | LSE:MTL | London | Ordinary Share | GB00B0394F60 | ORD GBP0.0001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.05 | 0.92% | 5.50 | 5.30 | 5.70 | 5.50 | 5.40 | 5.45 | 1,398,381 | 16:27:21 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 124.41M | 8.75M | 0.0042 | 13.10 | 115.28M |
From Apr 2019 to Apr 2024
TIDMMTL
RNS Number : 1375Z
Metals Exploration PLC
29 August 2018
29 August 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
As previously announced, the Company received consent from its senior lenders (the Hong Kong & Shanghai Banking Corporation Limited and BNP Paribas) to a waiver request to defer the December 2017, March 2018 and June 2018 capital payments totalling US 20.25 million until 31 August 2018.
The Company confirms that it will not make the capital payment due on 31 August 2018 and it continues to work with its senior lenders and external financial institutions, exploring refinancing opportunities. Application has been made to the senior lenders for a further waiver.
The Company will meet its interest obligation to the senior lenders on 30 August amounting to US $430k.
Further announcements on refinancing will be made in due course.
For further information please visit or contact www.metalsexploration.com
Hot Features
Premium
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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(END) Dow Jones Newswires
August 29, 2018 05:37 ET (09:37 GMT)
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