Business
Sale of Senior Facility Completed
Sale of Senior Facility Completed.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 5494B Metals Exploration PLC 31 January 2020 \n\n31 January 2020\nMETALS EXPLORATION PLC\n(\"Metals Exploration\" or the \"Company\")\nSale of Senior Facility Completed\nMetals Exploration Plc (AIM: MTL), the natural resources exploration and development company with assets in the Pacific Rim region, announces that, further to its announcement of 22 January 2020, the New Lenders have completed the purchase of the rights and obligations of the Senior Lenders under the Senior Facility from HSBC and BNP Paribas. The Senior Facility is now owned 70.6% by MTL Guernsey Ltd and 29.4% by Runruno Holdings Ltd.\nThe terms of the Standstill Agreement, under which the Company has been relieved of making both principal and interest payments due in relation to both the Senior Facility and the Mezzanine Debt Facilities, will remain in place until further notice.\nDefined terms used in this announcement shall have the same meanings as set out in the Company's announcement of 22 January 2020.\nThis 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.\nFor further information please visit or contact www.metalsexploration.com\n\n\n\nDarren Bowden\n\n\nChief Executive Officer\n\n\n+63 908 8500 051\n\n\n\n\nMichael Langoulant\n\n\nChief Financial Officer\n\n\n+44 (0)7899 249990\n\n\n\n \n\n\n\nNominated & Financial Adviser & Broker:\n\n\nSTRAND HANSON LIMITED\n\n\n\n\nJames Spinney, James Dance\n\n\n+44 (0) 207 409 3494\n\n\n\n\nFinancial Adviser\n\n\nHANNAM & PARTNERS\n\n\n\n\nAndrew Chubb, Nilesh Patel\n\n\n+44 (0) 207 907 8500\n\n\n\n\nPublic Relations:\n\n\nTAVISTOCK\n\n\n\n\nJos Simson, Barnaby Hayward\n\n\n+44 (0)207 920 3150\n\n\n\n \n \n\nThis 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 [email protected] or visit www.rns.com. END DISKKDBPABKKQDN\n ","length":4372,"tagName":"div"}]