July 28 (Reuters) - Metals X Ltd MLX.AX :
* METALS X LTD- ENTERED INTO AN UNSECURED LOAN FACILITY AGREEMENT WITH ASIA CHEER TRADING LIMITED
* METALS X- FUNDS FROM ACT FACILITY WILL PRINCIPALLY BE APPLIED TO REPAYMENT OF AMOUNT OUTSTANDING PURSUANT TO FACILITY AGREEMENT WITH CITIBANK N.A
* METALS X- EXPECTS THAT PAYOUT OF CITIBANK FACILITY WILL OCCUR WITHIN NEXT WEEK