MTR Metal Tiger Plc

TIDMMTR 
 
 

Metal Tiger plc

("Metal Tiger" or the "Company")

Southern Gold Update

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, is pleased to note that Southern Gold Limited's (ASX:SAU) ("Southern Gold") has provided an exploration update on activities at its Goseong and Deokon Projects.

As announced on 16 November 2022, Metal Tiger has participated on a pro-rata basis in Southern Gold's A$2 million placement at A$0.023 per share. Metal Tiger has subscribed for 16,608,696 new shares in Southern Gold for a total consideration of A$382,000. Metal Tiger's investment is subject to shareholder approval at a General Meeting expected to be convened early January 2023.

Following completion of the placing, Metal Tiger will be interested in 57,402,696 shares in Southern Gold representing approximately 19.1% of Southern Gold's enlarged issued share capital.

A link to Southern Gold's announcement, released today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02604381-2A1416559?access_token=83ff96335c2d45a094df02a206a39ff4

For further information on the Company, visit www.metaltigerplc.com:

 
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 
 Robert Collins        (Nominated Adviser) 
 
Steve Douglas          Arden Partners plc (Broker)    Tel: +44 (0)20 7614 5900 
 Simon Johnson 
 
Gordon Poole           Camarco (Financial PR)         Tel: +44 (0)20 3757 4980 
 Elfie Kent 
 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.

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.

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/20221128005495/en/

 
    CONTACT: 

Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2022 
 

(END) Dow Jones Newswires

November 28, 2022 09:23 ET (14:23 GMT)

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