MTR Metal Tiger Plc

 
TIDMMTR 
 
 

Metal Tiger plc (MTR)

Monday 6 November, 2017

Metal Tiger Plc

("Metal Tiger" or the "Company")

Share Issue

On 7 March 2017 Metal Tiger advised it was required to issue new Metal Tiger shares in consideration for the termination of the rights to the holders of 514,500 warrants ("Warrants") in KEMCO Mining plc ("KEMCO") if the proposed KEMCO IPO had not been completed by 13 October 2017. Metal Tiger has now reached agreement to extend the 13 October deadline for the KEMCO IPO and the resulting automatic conversion of the Warrants to Metal Tiger shares to 28 February 2018 in respect of 204,500 of the Warrants.

Pursuant to their original terms, the remaining 310,000 Warrants have now been converted into Metal Tiger shares at a 20% discount to the 15 day VWAP post 13 October. This has resulted in Metal Tiger issuing 15,917,544 new shares at an issue price of 1.95p per share, with these shares being expected to commence trading on or around 13 November 2017.

Following this issue Metal Tiger has 1,037,979,645 issued shares

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)20 7099 0738 
Director 
& Company Secretary) 
Stephen Allen or           RFC Ambrian Ltd  Tel +44 (0)20 3440 6800 
Bhavesh Patel              (Nominated 
                           Adviser) 
Jonathan Williams          RFC Ambrian Ltd  Tel +44 (0)20 3440 6800 
                           (Joint Broker) 
Nick Emerson               SI Capital       Tel: +44 (0)1483 413 500 
                           (Joint Broker) 
Gordon Poole               Camarco          Tel: +44 (0)20 3757 4980 
James Crothers             (Financial PR) 
 
 

LEI: 213800K1IN6M1VCVPA93

Classification: 3.1. Additional regulated information required to be disclosed under the laws of a Member State

View source version on businesswire.com: http://www.businesswire.com/news/home/20171106005606/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

November 06, 2017 04:50 ET (09:50 GMT)

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