8th Jan 2015 13:53
METAL TIGER PLC
8 January 2015
Metal Tiger Plc
("Metal Tiger" or the "Company")
Investment Update - Kibo Mining Plc
Metal Tiger Plc (LON: MTR), the AIM listed natural resources investing company, notes the announcement released by Kibo Mining Plc ("Kibo") that Metal Tiger has reduced its shareholding in Kibo to below a 3% notifiable level.
The Board of Metal Tiger is pleased to confirm that it has now crystallised a significant return on its Kibo holding with the average share price at sale being in excess of five times the original price of acquisition. Metal Tiger continues to hold shares in Kibo as it progresses towards finalisation of its joint venture of Kibo's uranium assets.
Metal Tiger's CEO, Cameron Parry, commented: "Metal Tiger is pleased to confirm our first investment in AIM-listed Kibo Mining has delivered a substantial profit for the Company and we are excited about the potential for further upside as a continuing Kibo shareholder and soon-to-be joint venture partner. The cash generated through the sale of shares enables Metal Tiger to continue the rapid growth of its investment portfolio - both in listed and unlisted opportunities. Numerous investments are under review and we will update shareholders as soon as we are able in this regard."
For further information on the Company, visit: www.metaltigerplc.com:
Cameron Parry (CEO) | Tel: +44 (0)207 099 0738 | |
Paul Johnson (Non-Executive Director) | Tel: +44 (0)7766 465 617 | |
Sean Wyndham-Quin Neil Baldwin | Spark Advisory Partners Limited (Nominated Adviser) | Tel: +44 (0) 2033 683 555 |
Nick Emerson Andy Thacker | SI Capital Limited (Sole Broker) | Tel: +44 (0) 1483 413 500 |
Related Shares:
MTR.L