1st Aug 2022 10:25
1 August 2022
Metal Tiger plc
("Metal Tiger" or the "Company")
Armada Metals Limited - Ground-Based Nsamt Survey Underway at The Nyanga Project
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to note the announcement of Armada Metals Limited (“Armada”), which notes the commencement of a series of Natural Source Audio-Magnetotelluric surveys over the Libonga-Matchiti Trend at the Nyanga Project in Gabon.
Following completion of Armada’s IPO, Metal Tiger holds 15,000,000 Armada Shares, representing approximately 14.42% of Armada’s enlarged share capital. In addition, Metal Tiger currently holds 3,333,333 options over Armada Shares, exercisable at a price of $A0.334 with a 5-year validity after admission of the company to the official list of the ASX.
A link to Armada’s announcement, released today, is set out below:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02548259-2A1388031?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) |
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James Dance James Harris Charlie Hammond | Strand Hanson Limited (Nominated Adviser) | Tel +44 (0)20 7409 3494 |
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Steve Douglas Simon Johnson | Arden Partners plc (Broker) | Tel: +44 (0)20 7614 5900 |
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Gordon Poole James Crothers Rebecca Waterworth | Camarco (Financial PR) | Tel: +44 (0)20 3757 4980 |
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/20220801005362/en/
Copyright Business Wire 2022
Related Shares:
MTR.L