Metal Tiger plc Exercise of Warrants in Thor Mining
November 28 2018 - 10:30AM
UK Regulatory
TIDMMTR
28 November 2018
Metal Tiger Plc ("Metal Tiger" or the "Company")
Exercise of Warrants in Thor Mining
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed
investor in strategic natural resource opportunities, is pleased to
announce that it has exercised 7,500,000 warrants over ordinary
shares of 0.01 pence each ("Thor Shares") in Thor Mining plc ("Thor
Mining") at a price of 1.2 pence per warrant, representing a gross
value of GBP90,000.
Accordingly, Metal Tiger will be issued with 7,500,000 new
ordinary shares in Thor Mining on the admission of such shares to
trading on AIM ("Admission").
Following Admission, Metal Tiger will be interested in
80,100,000 Thor Shares, representing approximately 11.7% of Thor
Mining's then issued share capital.
Thor Mining is an AIM and ASX listed exploration and development
natural resources company with interests in tungsten, molybdenum
and copper projects in Australia and the USA. For the year ended 30
June 2018, Thor Mining reported net assets of GBP11.5 million and a
net loss of GBP1.2 million.
-ENDS-
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
Richard Tulloch Strand Hanson Limited Tel +44 (0)20 7409 3494
James Dance (Nominated Adviser)
Jack Botros
Nick Emerson SI Capital (Broker) Tel: +44 (0)1483 413 500
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
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 base, precious and strategic
metals focus.
The Company's target is to deliver a high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector. The Company's key strategic objective is to ensure the
distribution to shareholders of major returns achieved from
disposals. Metal Tiger has two investment divisions, Direct
Equities and Direct Projects.
The Direct Equities division invests in undervalued natural
resource companies listed on AIM, the ASX and the TSX. Through the
trading of equities and warrants, Metal Tiger seeks to generate
cash for investment in the Direct Projects division.
Metal Tiger's Direct Projects division is focused on the
development of its key project interests in Botswana, Spain and
Thailand. In Botswana, Metal Tiger, through its 12.5% interest in
MOD Resources Limited and related JV, 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 lead/zinc/silver
mines as well as licences, applications and critical historical
data covering antimony, copper, gold, lead, zinc and silver
opportunities.
The Company actively assesses new investment opportunities on an
on-going basis and has access to a diverse pipeline of new
opportunities in the natural resources and mining sectors. For
pipeline opportunities deemed sufficiently attractive, Metal Tiger
may invest in the project or entity by buying publicly listed
shares, by financing privately and/or by entering into a joint
venture.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20181128005498/en/
This information is provided by Business Wire
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November 28, 2018 10:30 ET (15:30 GMT)
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