Metal Tiger PLC Investment Update - Kibo Mining Plc (6803B)

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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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