METAL TIGER PLC: Cobre Limited Update
November 30 2021 - 6:09AM
UK Regulatory
TIDMMTR
30 November 2021
Metal Tiger Plc
("Metal Tiger" or the "Company")
Cobre Limited Update
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed
investor in natural resource opportunities, is pleased to note the
publishing of the Cobre Limited (ASX:CBE) ("Cobre") 2021 Annual
General Meeting Results and its Executive Chairman's Address to
Shareholders.
Metal Tiger is currently interested in 26,006,963 Cobre shares,
representing approximately 16.62% of Cobre's issued share capital.
As announced on 15 April 2021, Metal Tiger will be interested in an
additional 8,311,765 shares subject to shareholder approval of
Metal Tiger's participation in the Cobre Fundraise. In addition,
the Company expects to be issued a further 445,368 new Cobre shares
subject to certain conditions being met as announced on 15 December
2020. Assuming all further issuances occur, Metal Tiger would be
interested in approximately 21% of Cobre Limited.
Links to Cobre's announcements, released today, are set out
below:
Results of Meeting:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02459951-2A1342454?access_token=83ff96335c2d45a094df02a206a39ff4
Chairman's Address to Shareholders:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02459767-2A1342351?access_token=83ff96335c2d45a094df02a206a39ff4
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
James Harris (Nominated Adviser)
Robert Collins
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
Rebecca Waterworth
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/20211130005575/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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