MST metal storm limited

Page 1 of 1Equity & Debt Placement UpdateBrisbane, Australia –...

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    Equity & Debt Placement Update
    Brisbane, Australia – Friday, 6 November 2009: Metal Storm Limited (ASX trading code: MST, OTC
    Symbol: MTSXY).
    On 4th November Metal Storm advised that it had finalised the form of documentation for a
    US$17.5M loan from Assure Fast Holdings Limited (BVI) as a part of the combined equity
    and loan placement, and that this document was awaiting signature.
    The Company is pleased to advise that both parties have now signed the Loan Facility
    Agreement. The Loan Facility terms include an interest rate of 3.25% and loan term of
    5 years. The loan is unsecured and not convertible to equity. The loan facility is subject to
    approval by the existing unsecured Noteholders.
    ENDS
 
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