suspension from official quotation

MARKET RELEASE
20 July 2012
Metal Storm Limited
SUSPENSION FROM OFFICIAL QUOTATION
The securities of Metal Storm Limited (the “Company”) will be suspended from quotation
immediately, at the request of the Company, pending the release of an announcement
by the Company.
Security Code: MST
Cormac Murphy
Adviser, Listings7093616/1MSL/GEN/TEMP/397 V1.0
U.S. Office
4350 N Fairfax Drive, Suite 810, Arlington VA 22203 Tel: 703 248 8218 Fax: 703 248 8262
Metal Storm Limited
ABN 99 064 270 006
PO Box 3221
Darra, Queensland 4076
Australia
Tel: +61 7 3147 8600
Fax: +61 7 3147 8610
Web Site: www.metalstorm.com
Email Address: [email protected]
20 July 2012
By email: [email protected]
Cormac Murphy
ASX Limited
Exchange Centre
20 Bridge Street
Sydney NSW 2000
Dear Cormac,
METAL STORM LIMITED – REQUEST FOR VOLUNTARY SUSPENSION UNDER LISTING
RULE 17.2
Metal Storm Limited (Metal Storm or Company) requests an immediate voluntary suspension of
its ordinary shares, secured convertible notes and interest bearing notes until announcement by
the Company.
In accordance with Listing Rule 17.2, I advise that:
a) Metal Storm entered an Umbrella Deed with Australian Special Opportunity Fund LP
(ASOF), Luxinvest Capital Advisors SA (Luxinvest) and Hopgood Ganim on 18 April
2012 and a related Subscription Agreement with Luxinvest. The Company sought a
trading halt on 18 July 2012 to consider its options as Luxinvest was not in a position to
complete the Luxinvest Agreement at that stage. The Luxinvest Agreement did not
complete as required on 18 July 2012. The Luxinvest Agreement and the Umbrella Deed
are interconditional. On 19 April 2012, ASOF terminated the Umbrella Deed because the
Luxinvest Agreement did not complete. The Company is now considering its options in
light of the termination of the Umbrella Deed;
b) Metal Storm is seeking the suspension to maintain an orderly market in the trading of the
Company’s securities while the Board considers the Company’s position and;
i. Metal Storm requests the suspension until it makes an announcement to the
market regarding the outcome of the Board deliberations;
ii. Metal Storm expects the suspension to last for no more than 3 business days,
and;
iii. Metal Storm is not aware of any reason why the suspension should not be
granted.
If you have any further questions, please do not hesitate to contact me.
Yours sincerely
Brett Farmer
Company Secretary
Metal Storm Limited