Metals Exploration (GB:MTL) has released an update.
Metals Exploration PLC, a Philippines-based gold producer, has announced a structured buyback of shares from Runruno Holdings Limited, settlement of debts, and a production fee agreement. This strategic financial maneuver, which will be funded through the company’s existing cash and operational cash flows, is subject to shareholder approval and will also involve a waiver under Rule 9 of the City Code on Takeovers and Mergers. Additionally, an update on the acquisition of YMC Group was provided, with an extended deadline set for 30 August 2024.
For further insights into GB:MTL stock, check out TipRanks’ Stock Analysis page.
