Metal Tiger PLC Investment Update - Spain (8167B)
January 09 2015 - 9:54AM
UK Regulatory
TIDMMTR
RNS Number : 8167B
Metal Tiger PLC
09 January 2015
METAL TIGER PLC
9 January 2015
Metal Tiger Plc
("Metal Tiger" or the "Company")
Investment Update - Spain
Metal Tiger Plc (LON: MTR), AIM listed natural resources
investing company, is pleased to provide the following update
regarding the exploration project the subject of its 30-day
exclusive zero-cost option announced on 9 December 2014. The
exploration licence (Treparriscos 3 No 6.858) covers an area of
2,987 hectares in North-West Spain that is prospective for gold,
tin and tungsten ("Navasfrias Project").
The 30-day exclusive period has concluded but Metal Tiger is not
yet entirely satisfied with the terms proposed and discussions
continue with the vendor on a non-exclusive basis. Should
negotiations reach terms acceptable to Metal Tiger, the Company
will update the market accordingly.
Metal Tiger's CEO, Cameron Parry, commented: "Metal Tiger's
pipeline of investment opportunities continues to grow and the
Company's negotiations keenly reflect our focus on the interests of
Metal Tiger and its shareholders. The Navasfrias Project is one of
a number of Spanish projects under review currently and the Company
intends to finalise an agreement on one of its targets in the near
term. In addition to Spain, Metal Tiger is considering other
precious metal project investment opportunities in Europe, Africa
and South East Asia."
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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