16:11 Fri 28 Jun 2019
Metals Exploration - Funding and Banking Update
Funding and Banking Update
Further to the Company's announcement dated
Under the Standstill Agreement the Company is relieved of making both principal and interest payments due in relation to its Runruno Facility Agreement (the "Senior Facility") and the Mezzanine Debt Facilities.
The purpose of the Standstill Agreement is to allow the Company and all its lenders time to evaluate, and consider possible solutions to,
A further announcement will be made in due course.
This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR"). 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
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Chief Executive Officer |
+63 908 8500 051 |
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Interim Chief Financial Officer |
+44 (0)7899 249990 |
Nominated & Financial Adviser & Broker: |
STRAND |
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+44 (0) 207 409 3494 |
Public Relations: |
TAVISTOCK |
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+44 (0)207 920 3150 |
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