Metal Tiger PLC Botswana Kalahari Copper Belt Licences Acquired (1912J)
December 16 2015 - 2:00AM
UK Regulatory
TIDMMTR
RNS Number : 1912J
Metal Tiger PLC
16 December 2015
Metal Tiger Plc
16 December 2015
Metal Tiger Plc
("Metal Tiger" or the "Company")
Botswana Kalahari Copper Belt Licences Acquired
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed
investor in strategic natural resource opportunities is pleased to
announce completion of the acquisition of the Kalahari Copper Belt
Licences full details of which were originally announced to market
on 10 November 2015.
We would draw readers attention to the full announcement
relating to completion of this commercial transaction which can be
found on our project partner's website at
http://www.modresources.com.au or the MOD Resources ASX website
page at http://www.asx.com.au/asx/research/company.do#!/MOD.
Highlights:
-- Rare and exciting opportunity for MTR to participate alongside MOD in substantial and highly prospective
Copper/Silver project;
-- Interest includes a total area of 6,300km2 in the central and western part of the Kalahari Copper Belt;
-- All conditions precedent to the acquisition have now been satisfied or waived and the acquisition has completed
with Metal Tiger holding 30% of the acquisition interests and MOD Resources holding 70%;
-- Acquisition marks a potentially major increase in the underlying value of the Metal Tiger portfolio, which can be
further enhanced through work to be conducted on the ground; and
-- MOD Resources and Metal Tiger are now engaged on advanced preparations for the forward exploration work programme
which is scheduled to commence in early 2016.
Cameron Parry, Metal Tiger CEO commented: "Metal Tiger is
delighted to confirm the completion of this transaction which marks
a potentially major upward shift in the value and potential of the
Company's Direct Projects portfolio.
We are invested alongside MOD Resources who have been active in
Botswana for some time and who have extensive on-the-ground
experience. Moreover we are delighted to commence work in Botswana
itself, a country that has a very strong reputation in London for
supporting the mining industry and encouraging investment.
Investors should be aware that this new opportunity is
substantial, with MOD Resources work to date demonstrating the
highly attractive prospectivity and commercial potential of this
region. We believe that this is a company transforming opportunity
for Metal Tiger and we look forward to the work ahead and further
increasing the value of the Project.
Metal Tiger continues to be highly active and anticipates
further news will be reported across our portfolio in the coming
weeks and months."
For further information on the Company, visit:
www.metaltigerplc.com:
Cameron Parry Tel: +44 (0)207
(CEO) 099 0738
Paul Johnson Tel: +44 (0)7766
(Executive 465 617
Director)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0) 2033
Neil Baldwin Limited 683 555
Nick Emerson (Nominated Adviser) www.sparkadvisorypartners.com
Andy Thacker SI Capital Tel: +44 (0) 1483
(Sole Broker) 413 500
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 Projects and
Direct Equities.
The Direct Projects division invests in mineral exploration
projects operated by trusted partners on the ground. Projects are
selected for their strategic significant in terms of commodity,
location and commerciality factors. Key strategic investments to
date include Spanish Gold & Tungsten, Thai Gold, Copper &
Antimony, and Botswanan Copper & Silver.
The Direct Equities division invests in quoted natural resource
explorers and developers, with a combination of shares and warrants
and seeks generate trading profits for reinvestment into the Direct
Projects division.
Metal Tiger's target is to deliver a very 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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