Metals Exploration PLC ("Metals Exploration" or the "Company)
Exercise of Warrants
25 October 2007
Metals Exploration announces that it has issued and allotted 200,000
new ordinary shares of 1p each at a price of 8 pence per share ("New
Ordinary Shares"), pursuant to an exercise of warrants. The New
Ordinary Shares will rank pari passu with the existing ordinary
shares of 1p each in the Company.
Application has been made for the New Ordinary Shares to be admitted
to trading on AIM. Admission of the New Ordinary Shares is expected
to occur on 30 October 2007.
Following the issue of the New Ordinary Shares, the Company's total
issued share capital with voting rights and which is admitted to
trading on AIM will consist of 91,573,795 ordinary shares of 1p each,
with one voting right per share.
Further information, please contact:
Metals Exploration Tel: +44 (0) 7747 101 552
Jonathan Beardsworth
Collins Stewart Europe Limited Tel: +44 (0) 207 523 8350
Adrian Hadden / Oliver Quarmby
Pelham PR Tel: +44 (0) 207 743 6672
Charles Vivian
ENDS
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