METAL TIGER PLC: Kalahari Metals Limited / Cobre Limited Update
April 12 2021 - 4:33AM
UK Regulatory
TIDMMTR
Metal Tiger plc
("Metal Tiger" or the "Company")
Kalahari Metals Limited / Cobre Limited Update
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, is pleased to note
that, further its announcements of 15 December 2020 and 6 April
2021, completion has occurred with regard to Cobre Limited
("Cobre") purchasing 49.99% of Kalahari Metals Limited ("KML") in
exchange for 20,999,214 newly issued ordinary shares in Cobre
("Cobre Shares").
Metal Tiger has today received 5,106,963 new Cobre Shares,
increasing its holding to 26,006,963 Cobre Shares, representing
approximately 20.72% of Cobre's enlarged share capital. Following
the transfer, Metal Tiger now holds a 50.01% interest in KML.
As announced on 15 December 2020, subject to obtaining change in
control approval from the Minister of Mineral Energy and Water
Resources of the Republic of Botswana (the "Botswana Consent") in
respect of the KML group, Cobre will issue a further 445,368 new
Cobre Shares to Metal Tiger, increasing its shareholding in KML to
51.00%, with Metal Tiger's shareholding reducing to 49.00%. Further
updates will be provided shortly with regard to drill plans and
mobilisation, following the joint venture's inaugural meeting,
which is scheduled to be held tomorrow.
The link to Cobre's press release can be found below:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02362596-2A1292175?access_token=83ff96335c2d45a094df02a206a39ff4
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/20210412005395/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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