MSTG Equity & Debt Placement Correction

Metal Storm previously announced today that the Company has negotiated an immediate small equity placement to provide carry forward funding. It was stated in that announcement that documentation for this is expected to be completed today.

The Company wishes to correct this. The funding and documentation in respect of this is expected to commence today. The Company will advise the market further when this facility is completed or when there is further material progress in this matter.

As stated in the previous announcement the Company now expects to receive the First Tranche funding in the AFHL equity and debt placement by 7pm (Brisbane) Tuesday, 8December 2009.

Source: Metal Storm Limited