Metals Exploration Plc’s successful Open Offer

27 October 2015

Kerman & Co’s Capital Markets team advised long standing client, Metals Exploration Plc, the natural resources exploration and development company with assets in the Pacific Rim on its Open Offer that closed on 23 October 2015.   The successful Open Offer applications after applying scale back amounted to 99,999,988 new ordinary shares of 1p each, raising a total of £2,999,999.64 for the Company and representing 100 per cent. of the amount available for acceptance under the Open Offer.

Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM, which is expected to occur on 2 November 2015.

Joan Yu, Partner led the Kerman & Co Capital Markets team supported by Dave Lee, Solicitor.