METAL TIGER PLC: Investment Update: Pan Asia Metals Limited
October 08 2020 - 5:05AM
UK Regulatory
TIDMMTR
8 October 2020
Metal Tiger plc
("Metal Tiger" or the "Company")
Investment Update: Pan Asia Metals Limited
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, is pleased to announce
that, further to the Company's announcement of 1 September 2020,
Pan Asia Metals Limited ("Pan Asia") has today admitted to trading
on the ASX under the ticker PAM, following completion of its IPO,
which raised, in aggregate, A$4.28 million.
Metal Tiger currently holds 10,862,477 Pan Asia shares,
representing 8.62% of Pan Asia's issued share capital.
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 (Nominated Tel +44 (0)20 7409 3494
James Dance Adviser)
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.
END
View source version on businesswire.com:
https://www.businesswire.com/news/home/20201008005400/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2020
(END) Dow Jones Newswires
October 08, 2020 05:05 ET (09:05 GMT)
Metal Tiger (LSE:MTR)
Historical Stock Chart
From Jul 2024 to Aug 2024
Metal Tiger (LSE:MTR)
Historical Stock Chart
From Aug 2023 to Aug 2024