Metal Tiger PLC Investment Update - Kibo Mining Plc (6803B)
January 08 2015 - 8:53AM
UK Regulatory
TIDMMTR
RNS Number : 6803B
Metal Tiger PLC
08 January 2015
METAL TIGER PLC
8 January 2015
Metal Tiger Plc
("Metal Tiger" or the "Company")
Investment Update - Kibo Mining Plc
Metal Tiger Plc (LON: MTR), the AIM listed natural resources
investing company, notes the announcement released by Kibo Mining
Plc ("Kibo") that Metal Tiger has reduced its shareholding in Kibo
to below a 3% notifiable level.
The Board of Metal Tiger is pleased to confirm that it has now
crystallised a significant return on its Kibo holding with the
average share price at sale being in excess of five times the
original price of acquisition. Metal Tiger continues to hold shares
in Kibo as it progresses towards finalisation of its joint venture
of Kibo's uranium assets.
Metal Tiger's CEO, Cameron Parry, commented: "Metal Tiger is
pleased to confirm our first investment in AIM-listed Kibo Mining
has delivered a substantial profit for the Company and we are
excited about the potential for further upside as a continuing Kibo
shareholder and soon-to-be joint venture partner. The cash
generated through the sale of shares enables Metal Tiger to
continue the rapid growth of its investment portfolio - both in
listed and unlisted opportunities. Numerous investments are under
review and we will update shareholders as soon as we are able in
this regard."
For further information on the Company, visit:
www.metaltigerplc.com:
Cameron Parry Tel: +44 (0)207 099
(CEO) 0738
Paul Johnson Tel: +44 (0)7766 465
(Non-Executive 617
Director)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0) 2033 683
Neil Baldwin Limited 555
(Nominated Adviser)
Nick Emerson SI Capital Limited Tel: +44 (0) 1483 413
Andy Thacker (Sole Broker) 500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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