Metal Tiger PLC Executive Director Share Purchase (2578S)
July 06 2015 - 6:19AM
UK Regulatory
TIDMMTR
RNS Number : 2578S
Metal Tiger PLC
06 July 2015
METAL TIGER PLC
6 July 2015
Metal Tiger plc
("Metal Tiger" or the "Company")
Executive Director Share Purchase
Metal Tiger (LON: MTR), the natural resources investing company
is pleased to announce it has been advised that Executive Director
Paul Johnson has today purchased 1.5 million shares in the company,
through the open market, at an average price of 0.967 pence per
share for a total additional personal investment in the Company of
GBP14,500.
Following this purchase, Paul Johnson is interested in 5,625,000
shares representing 1.85% of the issued share capital of the
Company.
Paul Johnson, Executive Director of Metal Tiger plc commented
"Personally I believe Metal Tiger is considerably undervalued
versus its current interests and forward potential in the natural
resources marketplace. The market valuation of Metal Tiger has been
constrained by market conditions, as is the case with most
companies occupying this sector. Such conditions do not persist
forever, and on the assumption of a recovery Metal Tiger is well
placed to perform well for investors going forward.
It has been a source of frustration recently that I have not
been able to add to my holding but we have been in a perpetual
close period for many months. I am pleased to be able to buy a
further holding today, and it is my intention to further increase
my position, subject to the usual close period restrictions going
forward."
For further information on the Company, visit:
www.metaltigerplc.com:
Metal Tiger Plc
Cameron Parry (CEO) Tel: +44 (0)207 099
0738
Paul Johnson (Executive Director) Tel: +44 (0)7766 465
617
Spark Advisory Partners Limited Tel: +44 (0) 2033
(Nominated Adviser) 683 555
Sean Wyndham-Quin
Neil Baldwin
SI Capital (Sole Broker) Tel: +44 (0) 1483
Nick Emerson 413 500
Andy Thacker
Notes to Editors:
Metal Tiger Plc is a natural resources focused investing company
quoted on the London Stock Exchange AIM Market ("AIM") with the
trading code MTR and two investment divisions, Direct Equities and
Direct Projects.
The Direct Equities division invests in quoted natural resource
explorers and developers, with a combination of shares and warrants
providing a potential non-debt financing instrument and enhanced
return potential.
The Direct Projects division invests in operational mineral
exploration projects with current investments in Spanish Gold &
Tungsten, Thai Gold, Copper & Antimony, and Tanzanian Gold and
Uranium. The Direct Projects investment division also has working
collaborations to identify new investment opportunities in Russia
(platinum focus) and Turkey (gold focus), in association with
experienced in-country partners.
Metal Tiger's target is to deliver a high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector timed to coincide where possible, with a cyclical recovery
in the exploration and mining markets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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