Metal Tiger plc Shares Issued in respect of Thailand Joint Venture Agreement
August 25 2016 - 10:51AM
UK Regulatory
TIDMMTR
Metal Tiger Plc
("Metal Tiger" or the "Company")
Shares Issued in respect of Thailand Joint Venture Agreement
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed
investor in strategic natural resource opportunities is pleased to
announce that further to the successfully concluded commercial
negotiations and signed Joint Venture Agreement in respect of the
Song Toh and Boh Yai Silver-Lead Zinc mines in Western Thailand as
announced on 23 August 2016, the Company has issued US$400,000
(GBP303,360 as at yesterday's exchange rate) in new ordinary shares
in Metal Tiger at 4.025p the closing mid-price on the date the
transaction concluded and which equates to 7,536,894 Metal Tiger
shares.
Paul Johnson, Chief Executive Officer of Metal Tiger plc
commented: "We are pleased to confirm the issue of shares in
respect of the signed Joint Venture Agreement which marked a major
positive step forward for Metal Tiger's investing activities in
Thailand.
The Joint Venture in Thailand is forging ahead and we look
forward to providing further updates to the market in the near
term."
Admission Details and Total Voting Rights
The 7,536,894 new ordinary shares are expected to be admitted to
trading on or around 30 August 2016. Following the issue of the new
ordinary shares, the number of ordinary shares in issue in the
Company will increase to 580,810,113.
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 580,810,113
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 issue of the 28,571,428
Placing Shares as announced on Wednesday 17 August 2016 as part of
the Strategic Financing Update announcement, the number of ordinary
shares in issue as at 1 September 2016 will be 609,381,541.
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/20160825005797/en/
This information is provided by Business Wire
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