METAL TIGER PLC: Receipt of conditional approval for admission to the ASX
January 29 2021 - 8:15AM
UK Regulatory
TIDMMTR
Metal Tiger Plc
("Metal Tiger" or the "Company")
Receipt of conditional approval for admission to the ASX
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, is pleased to announce
that, in-line with its planned secondary compliance listing (as
announced on 21 August 2020) on the Australian Securities Exchange
("ASX"), it has today received conditional approval from the ASX in
response to its formal request for admission to the Official List
of the ASX and the official quotation of Metal Tiger's CHESS
Depository Instruments ("CDIs") ("ASX Conditional Approval").
The ASX Conditional Approval is a standard form document and
represents a significant step in the Company's secondary compliance
listing process. The approval confirms that the ASX considers Metal
Tiger to be suitable to list on the ASX, subject to the Company
satisfying certain customary conditions precedent prior to
admission to the Official List of the ASX and the official
quotation of Metal Tiger's CDIs.
Having received the ASX Conditional Approval, Metal Tiger will
set about satisfying the conditions with the intention of listing
on the ASX in the coming weeks and a further announcement will be
made in due course.
While Metal Tiger does not see any impediment to satisfying the
conditions, shareholders should note though that there is no
guarantee that Metal Tiger will be admitted to the Official List of
the ASX in the event that Metal Tiger does not satisfy the
conditions stipulated in the ASX Conditional Approval.
Shareholders wishing to transfer their shares from the United
Kingdom Register (Ordinary Shares) to the Australian Register
(CDI's) can find the appropriate instructions and form at the
following link:
https://www.metaltigerplc.com/cross-border-transactions
Instructions are also available to transfer CDI's from the
Australian Register to the United Kingdom Register (Ordinary
Shares).
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)
James Dance Strand Hanson Limited Tel +44 (0)20 7409 3494
Jack Botros (Nominated Adviser)
Georgia Langoulant
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/20210129005307/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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January 29, 2021 08:15 ET (13:15 GMT)
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