23rd Jun 2015 11:15
LONDON (Alliance News) - Natural resources investing company Metal Tiger PLC on Tuesday said it has raised GBP300,000 to back its investment strategy.
The company said it has issued 33.3 million shares at 0.9 pence per share via a placing and subscription. Shares in the company were down 2.4% to 1.02p midday Tuesday.
Metal Tiger has additionally issued 33.3 million warrants with an exercise price of 1.8 pence. The warrants have a one-year exercise period.
"Metal Tiger is pleased to announce this additional fundraising of GBP300,000 which has been undertaken to enable the company to engage with additional strategic opportunities in respect of both Metal Tiger's Direct Equities and Direct Projects divisions," said Chief Executive Cameron Parry.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
MTR.L