Metal Tiger plc Kingsgate Investment Update - Replacement
January 23 2018 - 4:11AM
UK Regulatory
TIDMMTR
The issuer advises that the following replaces the Metal Tiger
Kingsgate Investment Update announcement released at 07:47 AM GMT
January 23 2018.
The number of holding shares has been amended from 18,184,511 to
19,434,511.
All other details remain unchanged.
The full corrected version is shown below
23 January 2018
Metal Tiger Plc
("Metal Tiger" or the "Company")
Kingsgate Investment Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed
investor in strategic natural resource opportunities, announces
that it has sold 7,929,826 shares in Kingsgate Consolidated Limited
("KCN") bringing its holding down from 19,434,511 to 11,504,685
shares in KCN representing 5.15% of KCN's issued share capital.
These sales resulted in gross proceeds of AUD$2,686,029 (circa
GBP1,534,260).
Michael McNeilly, Chief Executive Officer of Metal Tiger plc
commented:
"Metal Tiger has taken the prudent decision to de-risk our
Kingsgate investment by partially selling down and booking a
profit. It does not, however, mean we are going away. We still
retain more than 5% of Kingsgate and will be watching the Board
closely to see if they deliver on what they have promised. In the
meantime we are turning the bulk of our attention to our
Copper/Silver Joint Venture with MOD in Botswana, where a
Prefeasibility Study on T3 is anticipated shortly."
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/20180123005657/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
January 23, 2018 04:11 ET (09:11 GMT)
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