24th Aug 2020 17:26
Metal Tiger PLC - investor in natural resource opportunities - Shareholders of Kalahari Metals Ltd, in which Metal Tiger has a 62% interest, have entered into a binding heads of agreement with Cobre Ltd, in which Metal Tiger has a 19% interest, pursuant to which Cobre will acquire up to 51% of Kalahari Metals. Cobre will issue 21.4 million shares as deal consideration, which, based on the closing price of a Cobre share of AUD0.19, around GBP0.10, as of Thursday last week, values the 51% interest in Kalahari Metals at AUD4.1 million.
Current share price: 24.50 pence
Year-to-date change: up 78%
By Tapan Panchal; [email protected]
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