Metal Tiger plc Extension of Warrant Period
December 22 2017 - 4:16AM
UK Regulatory
TIDMMTR
22 December 2017
Metal Tiger Plc("Metal Tiger" or the "Company")
Extension of Warrant Period
Metal Tiger (LON: MTR) is pleased to announce that the Board has
agreed to extend the expiry date of the 2,000,000 2p warrants
granted to Charles Hall (Non-Executive Chairman) on 29th December
2016 (the "2p Warrants"), granted to him as part of the placing
announced on 13 December 2016 and which are due to expire on 29th
December 2017.
This extension is due the terms of Metal Tiger's Share Dealing
Code which prohibits Directors dealing in the Company's securities
during a prohibited period.
The Board has agreed to extend the expiry date of the Charles
Hall's 2p Warrants by 1 month until the 29th January 2018 and may
consider extending the warrants further until such time as the
Company is no longer in a prohibited period.
Charles Hall is directly interested in 26,858,406 ordinary
shares in MTR representing 2.53% of the total issued share capital
of the Company. Charles continues to hold the following options and
warrants:
Number of Options Exercise Price Expiry Date
3,000,000 3p 18.1.2020
6,000,000 6p 11.05.2022
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)
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,
the Company has tungsten and gold interests in the
highly-mineralised Extremadura region. In Thailand, Metal Tiger has
interests in two potentially near-production stage silver/lead/zinc
mines as well as 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/20171222005107/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
December 22, 2017 04:16 ET (09:16 GMT)
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