24th Apr 2018 09:56
Metal Tiger Plc
24 April 2018
Metal Tiger Plc
("Metal Tiger" or the "Company")
Issue of Equity
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announced on 25 January 2018, the exercised option agreement entered into between Senyetse Resources (Pty) Ltd (“Senyetse”) and Tshukudu Metals Botswana (Pty) Ltd (“Tshukudu”) (a company 100% owned by Metal Capital Limited of which Metal Tiger owns 30% and MOD Resources Ltd 70% (“MOD”)), under which Tshukudu has the right to acquire the Ghanzi West prospecting licences PL 126/2013 and PL 127/2013. These licences cover 1,010 square km over the centre of the T20 Dome. The Project Brief for the T20 Dome was lodged with the Botswana Department of Environmental Affairs in April 2018.
Consequently, Metal Tiger will issue shares to Senyetse to the value of A$60,000 with MOD issuing shares to the value of A$140,000. This has resulted in Metal Tiger issuing 1,651,170 new shares at an issue price of 1.986p per share, based on a 30 day VWAP to 20 April 2018, with these shares being expected to commence trading on or around 27 April 2018.
Following this issue Metal Tiger has 1,109,243,320 issued shares
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)20 7099 0738 | |||||
| Stephen Allen or Bhavesh Patel | RFC Ambrian Ltd (Nominated Adviser) | Tel +44 (0)20 3440 6800 | |||||
| Jonathan Williams | RFC Ambrian Ltd (Joint Broker) | Tel +44 (0)20 3440 6800 | |||||
| Nick Emerson | SI Capital (Joint Broker) | Tel: +44 (0)1483 413 500 | |||||
| Rita Adiani | NRG | Tel: +44 (0)20 3709 4504 | |||||
| Gordon PooleJames Crothers | Camarco(Financial PR) | Tel: +44 (0)20 3757 4980 |
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, the Company has tungsten and gold interests in the highly-mineralised Extremadura region. In Thailand, Metal Tiger has interests in two potentially near-production stage silver/lead/zinc mines as well as 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.
LEI number 213800K1IN6M1VCVPA93
Classification 3.1
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
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Related Shares:
MTR.L