TIDMMTR

Metal Tiger Plc

22 August 2016

Metal Tiger Plc

("Metal Tiger" or the "Company")

Unaudited Current Asset Update

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce a summary of the Company's unaudited current assets as at close of business on Friday 19 August 2016.

As at the date specified, Metal Tiger held the following current assets:

 
                                    GBP 
Cash Holdings (i)                        1,293,530 
Tradable listed resource equities (ii)   4,365,951 
Share warrant profit margin (iii) (iv)   867,305 
Total Current Assets (iv) (v) (vi)       6,526,786

(i) Includes proceeds from recent placing announced to market 17 August 2016.

(ii) Mid-market price of shares in listed companies owned by Metal Tiger as at the close of market on 19/8/16. Investors should note that actual value of these shares will vary depending on wider market sentiment and the performance of the share price of the individual shares.

(iii) The difference between the exercise price the mid-market price of warrants in listed companies owned by Metal Tiger as at the close of market on 19/8/16. Investors should note that actual value of these warrants will vary depending on wider market sentiment and the performance of the share price of the individual shares.

(iv) the figures above do not include any Black Scholes valuation amount in respect of warrants with exercise prices higher than the current market share price for each warrant holding in question.

(v) the figures above do not include the value of investments in Joint Ventures held by Metal Tiger.

(vi) the figures above have not been externally reviewed or audited and are based on management's own calculations.

Paul Johnson, Chief Executive Officer of Metal Tiger commented:

"Whilst Metal Tiger is not a traditional net asset vehicle and should not be evaluated on that basis in isolation, we recognise the importance of demonstrating to market that the Company is well funded and able to meet its foreseeable financial obligations.

The Company has a robust and growing current asset position and during 2016 we have demonstrated the ability to raise considerable additional sums, on a fair basis for existing investors.

Metal Tiger is well placed strategically and financially to undertake commercial transactions and to finance its on-going obligations."

Further current asset updates will be announced to the market if and when the Directors feel it is appropriate to do so.

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

 
Paul Johnson (Chief                            Tel: +44 (0)7766 465 617 
Executive Officer) 
Terry Grammer (Non-                            Tel: +44 (0)207 099 0738 
Executive 
Chairman) 
Sean Wyndham-Quin     Spark Advisory Partners  Tel: +44 (0) 
Neil Baldwin          Limited                  2033 683 555 
Nick Emerson          (Nominated Adviser) 
Andy Thacker          SI Capital               www.sparkadvisorypartners.com 
                      (Sole Broker)            Tel: +44 (0) 
                                               1483 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160822005775/en/

 
This information is provided by Business Wire

(END) Dow Jones Newswires

August 22, 2016 12:18 ET (16:18 GMT)

Metal Tiger (LSE:MTR)
Historical Stock Chart
From Sep 2024 to Oct 2024 Click Here for more Metal Tiger Charts.
Metal Tiger (LSE:MTR)
Historical Stock Chart
From Oct 2023 to Oct 2024 Click Here for more Metal Tiger Charts.