METAL TIGER PLC: Investment in Millennial Silver Corp.
February 15 2021 - 7:31AM
UK Regulatory
TIDMMTR
15 February 2021
Metal Tiger Plc
("Metal Tiger" or the "Company")
Investment in Millennial Silver Corp.
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 300,000 shares in Millennial Silver
Corp. ("Millennial"), at a price of C$0.50 per share, for a total
investment of C$150,000 (approximately GBP85,200), as part of
Millennial's C$24 million equity financing in connection with the
proposed business combination with 1246768 B.C. LTD ("768") to form
Millennial Precious Metals Corp., which was announced as having
closed on 11 February 2021 (the "Fundraise").
Further details can be found at the following link:
https://millennialpreciousmetals.com/wp-content/uploads/2021/02/768-Financial-PR.pdf
Millennial is an acquisition company that will be looking to
complete a series of transactions (collectively, the
"Transactions") among 768, Millennial and Clover Nevada LLC that
will, among other things, result in 768 (to be named "Millennial
Precious Metals Corp.") indirectly acquiring Clover Nevada LLC's
interest in each of the Wildcat Property, the Mountain View
Property, the Marr Property, the Ocelot Property, the Eden Property
and the Dune Property located in Nevada and a lease and option to
purchase the Red Canyon Property also located in Nevada. The
Transactions are conditional on the TSX Venture Exchange approving
the listing of the post-consolidation common shares of 768 (the
"Resulting Issuer Shares"), and other customary conditions.
768 is a shell company, incorporated on 8 April 2020, which
reported a loss for the period to 31 December 2020 of C$55,479. For
further information in relation to the Transactions, shareholders
should refer to the following presentation:
https://millennialpreciousmetals.com/wp-content/uploads/2021/01/MPM-Corporate-Deck-January-2021-Financing-Launch-vf.pdf
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 (Nominated Tel +44 (0)20 7409 3494
Jack Botros Adviser)
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/20210215005197/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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