Metal Tiger plc Purchase of interest in Greatland Gold plc
December 03 2018 - 2:00AM
UK Regulatory
TIDMMTR
3 December 2018
Metal Tiger Plc("Metal Tiger" or the "Company")
Purchase of interest in Greatland Gold plc
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed
investor in strategic natural resource opportunities, is pleased to
announce that it has purchased, on market, 14,700,000 ordinary
shares of 0.1 pence each in Greatland Gold plc ("Greatland Gold" or
"Greatland") (AIM:GGP) ("Greatland Shares") at an average price of
1.72 pence per share.
Accordingly, following the purchase, Metal Tiger's interest in
Greatland is 14,700,000 Greatland Shares representing approximately
0.46% of Greatland's issued share capital.
Greatland Gold is an AIM listed natural resource exploration and
development company with a current focus on gold, copper and nickel
exploration projects in Australia. For the year ended 30 June 2018,
Greatland reported net assets of GBP4.3 million and a net loss of
GBP1.9 million.
Michael McNeilly, Chief Executive Officer of Metal Tiger,
commented:
"Metal Tiger is delighted to once again become a shareholder of
Greatland Gold following the recent announcement of a world class
gold discovery at Greatland's Havieron licence in the Paterson
region of Western Australia.We are highly encouraged by the
indicative size of this new gold discovery at Havieron, given the
exceptional drilling and geophysical results Greatland has
announced to date."
"Today's announcement reflects Metal Tiger's focus on acquiring
minority equity investments in natural resource projects that
demonstrate considerable upside potential.We are confident that
through this strategy we can continue to add significant value to
Metal Tiger's Direct Equities portfolio over the coming
months."
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) Tel: +44 (0)20 7099 0738
Richard Tulloch Strand Hanson Tel: +44 (0)20 7409 3494
James Dance (Nominated Adviser)
Jack Botros
Nick Emerson SI Capital Tel: +44 (0)1483 413 500
(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 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/20181202005071/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
December 03, 2018 02:00 ET (07:00 GMT)
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