06.09.2010 - Solomon Capital Offer Update

Solomon Capital today announced that the acceptance condition to its cash Offer to acquire the entire issued and to be issued share capital of Metals Exploration not already owned by it, the terms of which were announced on 23 July 2010, has now been satisfied. As the acceptance condition was the only condition to the Offer, the Offer is hereby declared wholly unconditional. The Offer Document was posted to Metals Exploration Shareholders on 20 August 2010.

As at 1.00 p.m. on Friday 3 September 2010, Solomon had received valid acceptances of the Offer in respect of 26,650,626 Metals Exploration Shares, representing approximately 9.88 per cent. of Metals Exploration’s current issued share capital.

For futher details and to read the relevant announcements please see the Company News area. The documents required relating to the offer are made available on the Solomon Capital document listing page of this website.