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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 | -0.95% | 5.20 | 5.00 | 5.40 | 5.30 | 5.20 | 5.30 | 539,593 | 10:19:17 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 124.41M | 8.75M | 0.0042 | 12.38 | 108.99M |
From Apr 2019 to Apr 2024
TIDMMTL
RNS Number : 3921A
Metals Exploration PLC
28 December 2017
28 December 2017
METALS EXPLORATION PLC
Runruno Project Scheduled Capital & Interest Payment
Metals Exploration plc (AIM: MTL), the natural resources exploration and development company with assets in the Pacific Rim region, today provides an update on matters relating to its capital and interest payments due to its senior lenders on 29 December 2017.
As previously announced, as part of the re-scheduled senior loan facility with the senior lenders to the project (BNP Paribas and HSBC Limited), a capital and interest payment are due by the end of December 2017. The senior lenders are fully informed as to the performance of the mine and gold recovery circuits and its resultant cash flows. With this in mind, the Company will pay the interest payment due of US$1.14 million and has entered constructive discussions with the senior lenders to defer the capital payment of $6.48 million to a time agreeable to all parties. A further update will be provided in due course.
The information contained 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.
For further information please visit or contact www.metalsexploration.com
Hot Features
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Ian R. Holzberger (Executive +63 (0) 9189
Chairman) 795 992
+61 (0) 418 886
165
+44 (0) 7911
Liam A. Ruddy (Company Secretary) 719 960
Andrew Rodgers (Chief Financial +61 (0) 412 429
Officer) 856
Nominated Adviser and Broker: CANACCORD GENUITY
LIMITED
+44 (0) 207 523
Martin Davison, James Asensio 8000
Public Relations: TAVISTOCK
+44 (0) 207 920
Barnaby Hayward, Jos Simson 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDOKODQABDDQBB
(END) Dow Jones Newswires
December 28, 2017 02:00 ET (07:00 GMT)
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