MetalNRG PLC (LON:MNRG) Publication of Prospectus

Publication of Prospectus and Placing and withdrawal from NEX Exchange Growth Market


The Company is pleased to announce today the publication of its Prospectus in relation to the admission of 297,702,306 ordinary shares of nominal value 0.01 pence each (the “Ordinary Shares“) to listing on the standard segment of the Official List of the FCA (under Chapter 14 of the Listing Rules of the FCA) and to trading on the Main Market of the London Stock Exchange (together, “Admission“).

The Ordinary Shares are currently admitted to trading on the NEX Exchange Growth Market (“NEX Growth Market”) under the symbol “MNRG”. Trading on NEX Growth Market will be cancelled simultaneously with Admission.

It is expected that Admission will become effective and that dealings will commence at 8 a.m. on 23 July 2019.

In addition, the Company is pleased to announce that it has raised £193,000 (net of expenses) pursuant to a placing (the “Placing“) of 94,333,326 Ordinary Shares (the “Placing Shares“) at a price of 0.3 pence per Placing Share.

Following the issue of the Placing Shares, which represents approximately 32% of the issued share capital of the Company as enlarged by the Placing, the Company will have 297,702,306 Ordinary Shares in issue.

The Ordinary Shares are registered with ISIN GB00B15FS791, SEDOL code B15FS79 and TIDM MNRG, and the Company’s LEI is 2138003C24H79U5QZH21.

Hard copies of the Prospectus will be available during normal business hours from the Company’s registered office at 1 Ely Place, London EC1N 6RY and the offices of Cooley (UK) LLP at Dashwood, 69 Old Broad Street, London EC2M 1QS, and will be made available online at (subject to applicable securities laws).

An electronic copy of the Prospectus will also be submitted to the National Storage Mechanism and should be available shortly for inspection at



  • The Company invests in and focuses on acquiring companies and projects within the natural resources sector, with potential for growth or value creation.
  • The Company currently has investments in Australia and the United States and also recently entered into agreements in respect of a Gold project in the United States and a Uranium project in Kyrgyzstan.
  • The Company intends to continue to focus on potential acquisition opportunities in the natural resources sector without any geographical restriction.


Withdrawal from the NEX Exchange Growth Market

Application has been made to the NEX Exchange Growth Market (“NEX”), that its ordinary shares be withdrawn from trading on NEX, such withdrawal to take effect as of market close on 22 July 2019.

The Company notes that under the NEX Exchange Growth Market Rules for Issuers, being permitted to another market of equivalent regulatory standing, will not be required to seek shareholder approval at a general meeting.


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