Business
Runruno Scheduled Capital & Interest Payment
Runruno Scheduled Capital & Interest Payment.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 3921A Metals Exploration PLC 28 December 2017 \n\n28 December 2017\n \nMETALS EXPLORATION PLC\n \nRunruno Project Scheduled Capital & Interest Payment\n \nMetals 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.\n \nAs 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.\n \nThe 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.\n \nFor further information please visit or contact www.metalsexploration.com\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIan R. Holzberger (Executive Chairman)\n\n\n+63 (0) 9189 795 992\n\n\n\n\n\n\n\n\n\n\n\n\n\n+61 (0) 418 886 165\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLiam A. Ruddy (Company Secretary)\n\n\n+44 (0) 7911 719 960\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Andrew Rodgers (Chief Financial Officer)\n\n\n+61 (0) 412 429 856\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNominated Adviser and Broker: CANACCORD GENUITY LIMITED\n\n\n\n\n\n\n\n\n\n\nMartin Davison, James Asensio\n\n\n+44 (0) 207 523 8000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPublic Relations: &nbs...