Issue of Shares and Warrants

10th Aug 2005 07:00

Metals Exploration PLC10 August 2005 FOR IMMEDIATE RELEASE 10 August 2005 METALS EXPLORATION PLC (the "Company") ISSUE OF SHARES AND WARRANTS The Board of Metals Exploration Plc (the "Board") announces that pursuant to theacceptance of subscriptions for shares by East West Drilling (L) Limited ("EWD")described in the announcements of the Runruno Project and the Puray Project on 2February 2005 and 28 June 2005 respectively (the "Announcements"), the Companyhas issued 3,000,000 new Ordinary Shares of 1p each, which will represent 10.01per cent of the Company's enlarged issued share capital. Application will be made to the London Stock Exchange for the 3,000,000 newOrdinary Shares in the Company to be admitted to trading on AIM. It is expectedthat Admission will become effective and that trading in the new Ordinary Shares on AIM will commence on 16 August 2005 The Board also announces that pursuant to the commission arrangements with EWDdescribed in the Announcements, the Company has issued a warrant to subscribefor 4,000,000 ordinary shares at 3.25p per share. This information is provided by RNS The company news service from the London Stock Exchange

---

Related Shares:

Metals Exploration