Metal Tiger plc Exercise of Warrants
January 31 2017 - 4:41AM
UK Regulatory
TIDMMTR
Metal Tiger Plc
31 January 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Exercise of Warrants
Metal Tiger (LON: MTR), the natural resources investing company
is pleased to announce that further to generating a profit of
GBP277,000 from the sale of 113 million GGP shares at an average
price of 0.3147p, it has sent notification to GGP to exercise 50
million warrants at 0.02p per warrant for 50m new ordinary shares
in GGP at a total cost of GBP100,000. Following the exercise of the
50 million warrants MTR will hold 87 million shares in GGP
representing 5.174% of the enlarged shareholding of GGP.
Michael McNeilly, Chief Executive Officer, commented: "Metal
Tiger is pleased to have realised a significant profit from the
sale of its GGP stock. However, Metal Tiger is encouraged by the
various work programs underway at GGP that could generate further
value accretion and as such Metal Tiger is happy to support GGP by
exercising its warrants to provide further cash to GGP and
additional exposure for Metal Tiger. GGP and Metal Tiger will
continue to explore collaboration opportunities as part of the New
Venture Collaboration announced on 10 November 2016."
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly(Chief Tel: +44(0)20 7099 0738
Executive Officer)
Keith Springall (Finance Tel: +44 (0)207099 0738
Director
& Company Secretary)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0)
Neil Baldwin Limited 2033 683 555
(Nominated Adviser)
www.sparkadvisorypartners.com
Nick Emerson SI Capital Tel: +44 (0)1483 413 500
Andy Thacker (Joint Broker)
Andrew Monk VSA Capital Limited Tel: +44 (0)20 3005 5000
Andrew Raca (Joint Broker)
Gordon Poole Camarco Tel: +44 (0)203 757 4980
James Crothers (Financial PR)
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 AIM or NEX Exchange (formerly ISDX) partner
with whom the Company is engaged.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20170131005568/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
January 31, 2017 04:41 ET (09:41 GMT)
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