METAL TIGER PLC: Investment in Sable Resources Ltd. (TSXV:SAE)
August 27 2020 - 2:00AM
UK Regulatory
TIDMMTR
27 August 2020
Metal Tiger plc
("Metal Tiger" or the "Company")
Investment in Sable Resources Ltd. (TSXV:SAE)
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, is pleased to announce
that it has subscribed for 2,333,333 units in Sable Resources Ltd.
("Sable"), at a price of C$0.15 per unit, for a total investment of
C$350,000 (approximately GBP202,000) as part of Sable's fundraise
of up to C$9.0 million announced on 17 August 2020 (the
"Fundraise"). Each unit consists of one common share in Sable and
one-half of one common share purchase warrant exercisable at a
price of C$0.20 for a period of 36 months following the closing
date of the Fundraise (being 10 September 2020). Following
completion of the Fundraise, Metal Tiger will hold 2,333,333 shares
in Sable, representing approximately 1.05% of Sable's then issued
share capital.
Sable is a TSXV listed precious and base metals explorer in
Latin America with 1.2m hectare land package. Sable has projects in
Mexico (Margarita & Vinata Projects, El Escarpe Project),
Argentina (El Fierro Project and Don Julio Cluster), and Peru
(Scorpius Project). The main project of interest is the El Fierro
Project in San Juan, Argentina, where historical assays demonstrate
high grade silver. For the year ending 31 December 2019, Sable
reported a net loss of C$3.54m. As at 31 March 2020, Sable reported
net assets of C$7.85m.
For further information on the Company, visit:
www.metaltigerplc.com
Enquiries:
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
(Nominated Adviser)
James Dance
Jack Botros
Paul Shackleton Arden Partners plc (Broker) Tel: +44 (0)20 7614 5900
Steve Douglas
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
Hugo Liddy
Notes to Editors:
Metal Tiger PLC is admitted to the AIM market of 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. Metal Tiger has two investment divisions: Equity
Investments and Project Investments.
Equity Investments invests in undervalued natural resource
companies. The majority of its investments are listed on AIM, the
TSX and the ASX, which includes its interest in Sandfire Resources
Limited (ASX:SFR). The Company also considers selective
opportunities to invest in private natural resource companies,
typically where there is an identifiable path to IPO. Through the
trading of equities and warrants, Metal Tiger seeks to generate
cash for investment for the Project Investments division.
Project Investments is focused on the development of its key
project interests in Botswana, where Metal Tiger has a growing
interest in the large and highly prospective Kalahari copper/silver
belt through its interest in Kalahari Metals Limited.
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/20200826005776/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2020
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