METAL TIGER PLC: Investment in Artemis Resources
June 03 2021 - 2:09AM
UK Regulatory
TIDMMTR
Metal Tiger plc
("Metal Tiger" or the "Company")
Investment in Artemis Resources
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed
investor in natural resource opportunities, is pleased to announce
that it has subscribed for 12,500,000 new ordinary shares in
Artemis Resources Limited (ASX:ARV) ("Artemis") at an issue price
of A$0.06 per share for a total consideration of approximately
A$750,000 (c.GBP409,653).
The investment forms part of a capital raise by Artemis of A$7.0
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
14,357,305 shares in Artemis which will represent approximately
1.15% 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.
A link to the Artemis press release can be found below:
Artemis completes A$7m placement to accelerate 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 Tel: +44 (0)20 7614 5900
Steve Douglas (Broker)
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") and the ASX Market of the
Australian Securities Exchange Market ("ASX") 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/20210602006165/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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