24th Nov 2015 11:24
LONDON (Alliance News) - Natural resources investment company Metal Tiger PLC on Tuesday said it has exercised its option to increase its stake in its project in Thailand and has negotiated a deal to buy further assets in the country.
Metal Tiger will exercise its option to increase its stake in its joint venture with Southeast Asia Mining to 90% for a total consideration of USD50,000.
In addition, the company has agreed a further option with Southeast Asia Mining Corp, the parent company of its joint venture partner, to acquire its Thailand interests and subsidiary companies with assets in Kanchanaburi Province, Western Thailand.
Metal Tiger will pay USD30,000 to acquire the option.
Shares in Metal Tiger were down 6.4% to 0.866 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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