30th May 2017 16:16
Metal Tiger Plc
("Metal Tiger" or the "Company")
Extension of Warrant Period
Metal Tiger (LON: MTR), is pleased to announce that the Board has agreed to extend the expiry date of the 30,000,000 1.6p warrants granted to Terry Grammer (Non-Executive Director) on 22nd December 2015 (the “1.6p Warrants”) and which are due to expire on 22nd June 2017. The Board has agreed to extend the expiry date of the “1.6p Warrants”) by 12 months until the 22nd June 2018 on the condition that any shares issued upon partial or complete exercise of the 1.6p Warrants will be subject to a 12-month lock-up.
Terry Grammer is directly interested in 38,150,667 ordinary shares in MTR representing 3.98% of the total issued share capital of the Company. Terry continues to hold the following options and warrants:
| Number of Options | Exercise Price | Expiry Date | |||
| 3,335,000 3,330,000 5,000,000 2,000,000 2,000,000 | 1.5p 2p 2p 3p 6p | 15.12.2017 02.07.2018 31.05.2019 18.01.2020 11.05.2022 |
For further information on the Company, visit: www.metaltigerplc.com:
| Michael McNeilly (Chief Executive Officer) | Tel: +44(0)20 7099 0738 | ||||
| Keith Springall (Finance Director & Company Secretary) | Tel: +44 (0)207099 0738 | ||||
| Sean Wyndham-Quin Neil Baldwin | Spark Advisory Partners Limited (Nominated Adviser) | Tel: +44 (0) 2033 683 555
www.sparkadvisorypartners.com | |||
| Nick Emerson Andy Thacker | SI Capital (Joint Broker) | Tel: +44 (0)1483 413 500 | |||
| Andrew Monk Andrew Raca | VSA Capital Limited (Joint Broker) | Tel: +44 (0)20 3005 5000 | |||
| Gordon Poole James Crothers | Camarco (Financial PR) | Tel: +44 (0)203 757 4980 |
The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM Market (“AIM”) with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.
The Company’s target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Company’s key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.
Metal Tiger’s Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.
The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner with whom the Company is engaged.
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Related Shares:
MTR.L