Metal Tiger PLC Disposal of ECR Minerals Shares (0177Q)

TIDMMTR

RNS Number : 0177Q

Metal Tiger PLC

24 February 2016

Metal Tiger Plc

24 February 2016

Metal Tiger Plc

("Metal Tiger" or the "Company")

Disposal of ECR Minerals Shares

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to its holding in ECR Minerals plc (LON:ECR).

On 18th November 2015 Metal Tiger participated in an ECR Minerals fundraising purchasing 500 million ECR ordinary shares at a price of 0.02p per share and 500 million 0.04p 3 year warrants for a total consideration of GBP100,000.

Metal Tiger has now disposed of all its 500 million shares in ECR Minerals at an average sales price of 0.036p per share generating cash for the Company of GBP180,000 and a profit on its investment of GBP80,000.

The Company retains its 500 million warrants, which can be exercised at any time until November 2018 at a price of 0.04p.

Paul Johnson, Chief Executive Officer of Metal Tiger said "we are pleased to have achieved this disposal, at a material profit and over a short period of time. We retain the warrants and therefore an exposure to any further share price increase above 0.04p achieved by ECR Minerals plc going forward.

Metal Tiger is in a proactive phase in its development and the additional cash funds generated by this disposal put the company in a position to consider further opportunities over and above investment activities already announced to market."

For further information on the Company, visit: www.metaltigerplc.com:

 
 Paul Johnson                                  Tel: +44 (0)7766 
  (Chief Executive                              465 617 
  Officer) 
 Terry Grammer                                 Tel: +44 (0)207 
  (Non- Executive                               099 0738 
  Chairman) 
 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 significance 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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February 24, 2016 06:37 ET (11:37 GMT)

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