Metal Tiger plc Director Participation of GBP66,000 in Placing
August 07 2018 - 2:00AM
UK Regulatory
TIDMMTR
07 August, 2018
Metal Tiger Plc
("Metal Tiger" or the "Company")
Director Participation of GBP66,000 in Placing
Metal Tiger (LON: MTR), the natural resources investing company
is pleased to announce that the directors of Metal Tiger will be
participating for a total of GBP66,000 in the placing announced in
the RNS of 6 August 2018 (the "Placing"), taking the total gross
proceeds raised for the company by the Placing to circa GBP3.516m.
Charles Hall, Non-Executive Chairman, will be subscribing for
GBP56,000 and Michael McNeilly, Chief Executive Officer, for
GBP10,000.
Further to the director's participation, the company will issue
2,357,142 new ordinary shares in Metal Tiger at a placing price of
2.8p per ordinary share and 2,357,142 warrants to subscribe for
2,357,142 new ordinary shares in Metal Tiger at an exercise price
of 5p per warrant, within a 3 year exercise period.
Director Shareholdings and Related Party Disclosures
Director Position Shares held Placing Shares Resultant Resultant
prior shares % shareholding
to Placing held
Charles Non-Executive 35,394,699 2,000,000 37,394,699 2.98%
Hall Chairman
Michael Chief-Executive 2,640,591 357,142 2,997,733 0.24%
McNeilly Officer
Director Position Number of Exercise Price Expiry Date
Warrants
Charles Hall Non-Executive 2,000,000 5p 13.08.2021
Chairman
Michael McNeilly Chief Executive 357,142 5p 13.08.2021
Officer
A total of 2,357,142 new ordinary shares are expected to be
admitted to trading on or around 13 August 2018.
Following the issue of the new ordinary shares, the number of
ordinary shares in issue in the Company will increase to
1,256,530,351. For the purposes of the Financial Conduct
Authority's Disclosure and Transparency Rules ("DTRs"), the issued
ordinary share capital of Metal Tiger following this allotment
consists of 1,256,530,351 ordinary shares with voting rights
attached (one vote per share). There are no shares held in
treasury. This total voting rights figure may be used by
shareholders as the denominator for the calculation by which they
will determine whether they are required to notify their interest
in, or a change to their interest in, Metal Tiger under the
DTRs.
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly Chief Executive Officer Tel: +44 (0)20 7099 0738
(Metal Tiger plc)
Mark Potter Chief Investment Officer Tel: +44 (0)20 7099 0738
(Metal Tiger plc)
Stephen Allen RFC Ambrian Ltd Tel: +44 (0)20 3440 6800
Bhavesh Patel (Nominated Adviser)
Charlie Cryer 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)
Monique Perks
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:
https://www.businesswire.com/news/home/20180806005488/en/
This information is provided by Business Wire
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August 07, 2018 02:00 ET (06:00 GMT)
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