Metals Exploration Nominated Adviser Resigns In Talks With Replacement

LONDON (Alliance News) - Metals Exploration PLC on Friday said its nominated adviser, Canaccord ...

Alliance News 15 March, 2019 | 10:20AM
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LONDON (Alliance News) - Metals Exploration PLC on Friday said its nominated adviser, Canaccord Genuity Ltd, has resigned with effect from April 14.

The company added it is in "advanced discussions" with a replacement nominated adviser, but no agreement has yet being finalised.

Under AIM rules, if no replacement is appointed by April 14, the company's shares will be suspended from trading. A month following the suspension, if still no replacement has been found, they will be cancelled.

Metals Exploration shares were trading up 5.5% at 0.58 pence each on Friday morning.

By Elena Cherubini; elenacherubini@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Metals Exploration PLC 0.78 -
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