METAL TIGER PLC: Investment in Artemis Resources
May 12 2021 - 2:00AM
UK Regulatory
TIDMMTR
12 May 2021
Metal Tiger plc
("Metal Tiger" or the "Company")
Investment in Artemis Resources
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 5,000,000 new ordinary shares in Artemis
Resources Limited (ASX:ARV) ("Artemis") at an issue price of A$0.10
per share for a total consideration of approximately A$500,000
(c.GBP279,293).
The investment forms part of a capital raise by Artemis of A$10
million. The placement was met with strong demand from
institutional investors.
The use of the proceeds from the capital raising will be to fund
exploration drilling at the Paterson and Carlow Castle gold-copper
projects in the Pilbara, Western Australia, as well as for general
working capital purposes.
Following completion of the fundraise, Metal Tiger will hold
6,357,305 shares in Artemis which will represent approximately 0.5%
of the enlarged share capital following the fundraise.
Mark Potter, Director and Chief Investment Officer of Metal
Tiger, is Non Executive Chairman of Artemis Resources.
For the interim six month period ended 31 December 2020, Artemis
reported net assets of A$57,062,746 and a net loss of
A$4,270,300.
Copies of the Artemis press release can be found at the link
below:
Artemis completes $10m capital raise to accelerate Carlow Castle
and Paterson Central drilling campaigns:
https://artemisresources.com.au/investors/#asx-announcements
For further information on the Company, visit:
www.metaltigerplc.com
Enquiries:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 3287 5349
Mark Potter (Chief Investment Officer)
James Dance Strand Hanson Limited Tel +44 (0)20 7409 3494
Georgia Langoulant (Nominated 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/20210511006190/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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