Metal Tiger PLC Warrant Exercise (8038T)
April 01 2016 - 2:00AM
UK Regulatory
TIDMMTR
RNS Number : 8038T
Metal Tiger PLC
01 April 2016
Metal Tiger Plc
1 April 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Warrant Exercise
The Board of Metal Tiger plc (LON:MTR) the London Stock Exchange
AIM listed investor in strategic natural resource projects is
pleased to announce that it has received a binding signed warrant
conversion notice for the following amount:
Number of Price Pound New ordinary
warrants (p) value shares to
exercised (GBP) be issued
571,428 1.75 9,999.99 571,428
1,125,000 1.60 18,000.00 1,125,000
1,800,000 1.80 32,400.00 1,800,000
Total 3,496,428 60,399.99 3,496,428
The Board is pleased to confirm that it has raised GBP635,899.99
from warrant conversions since March 16 2016.
The 3,496,428 new ordinary shares are expected to be admitted to
trading on or around 6 April 2016. Following the issue of the new
ordinary shares, the number of ordinary shares in issue in the
Company will increase to 483,182,810. For the purposes of the
Financial Conduct Authority's Disclosure and Transparency Rules
("DTRs"), the issued ordinary share capital of Metal Tiger
following this allotment consists of 483,182,810 ordinary shares
with voting rights attached (one vote per share). There are no
shares held in treasury. This total voting rights figure may be
used by shareholders as the denominator for the calculation by
which they will determine whether they are required to notify their
interest in, or a change to their interest in, Metal Tiger under
the DTRs. The Company notes that following the admission to trading
on 8 April of the 4,815,667 shares to be issued to Dianne Grammer
further to the announcement on 30 March 2016 the Company's issued
share capital will increase to 487,998,477.
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 listed on the London Stock Exchange AIM
Market ("AIM") with the trading code MTR and invests in high
potential mineral projects with a precious and strategic metals
focus.
The Company'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. The Company's key strategic
objective is to ensure the distribution to shareholders of major
returns achieved from disposals.
Metal Tiger's Metal Projects Division is focused on the
development of its key project interests in Botswana, Spain and
Thailand. In Botswana Metal Tiger has a growing interest in the
large and highly prospective Kalahari copper/silver belt. In Spain
Metal Tiger the Company has tungsten and gold interests in the
highly mineralised Extremadura region. In Thailand Metal Tiger has
expanding interests over licences, applications and critical
historical data covering antimony, copper, gold, silver, lead and
zinc opportunities.
The Company has access to a diverse pipeline of new
opportunities focused on the natural resource sector including
physical resource projects, new natural resource centred
technologies and resource sector related fintech opportunities.
Pipeline projects deemed commercially viable may be undertaken by
Metal Tiger or by an ISDX or AIM partner with whom the Company is
engaged.
Metal Tiger also has an Asset Trading Division that holds
various financial instruments for trading purposes including
equities, warrants and royalty income. The aim of the division is
to generate profits to reinvest into the Company's project based
activities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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