Metal Tiger plc Issue of Equity
April 24 2018 - 4:56AM
UK Regulatory
TIDMMTR
Metal Tiger Plc
24 April 2018
Metal Tiger Plc
("Metal Tiger" or the "Company")
Issue of Equity
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed
investor in strategic natural resource opportunities, announced on
25 January 2018, the exercised option agreement entered into
between Senyetse Resources (Pty) Ltd ("Senyetse") and Tshukudu
Metals Botswana (Pty) Ltd ("Tshukudu") (a company 100% owned by
Metal Capital Limited of which Metal Tiger owns 30% and MOD
Resources Ltd 70% ("MOD")), under which Tshukudu has the right to
acquire the Ghanzi West prospecting licences PL 126/2013 and PL
127/2013. These licences cover 1,010 square km over the centre of
the T20 Dome. The Project Brief for the T20 Dome was lodged with
the Botswana Department of Environmental Affairs in April 2018.
Consequently, Metal Tiger will issue shares to Senyetse to the
value of A$60,000 with MOD issuing shares to the value of
A$140,000. This has resulted in Metal Tiger issuing 1,651,170 new
shares at an issue price of 1.986p per share, based on a 30 day
VWAP to 20 April 2018, with these shares being expected to commence
trading on or around 27 April 2018.
Following this issue Metal Tiger has 1,109,243,320 issued
shares
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Executive Officer) Tel: +44(0)20 7099 0738
Keith Springall (Finance Director & Tel: +44 (0)20 7099 0738
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)
Rita Adiani NRG Tel: +44 (0)20 3709 4504
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.
LEI number 213800K1IN6M1VCVPA93
Classification 3.1
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180424005698/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
April 24, 2018 04:56 ET (08:56 GMT)
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