4th Jul 2018 12:31
Issue of Equity Exercise of Options by former Directors
Metal Tiger Plc
4th July 2018
Metal Tiger Plc
("Metal Tiger" or the "Company")
Issue of Equity
Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce that it has received notice of exercise of 3,330,000 share options priced at 1.75p each from a former director and the Company has agreed to issue 3,330,000 shares.
The 3,330,000 new ordinary shares are expected to be admitted to trading on or around 10 July 2018. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 1,122,431,438. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists of 1,122,431,438 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.
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 | |||
| Charlie Cryer | 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 Poole James 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.
Metal Tiger plc
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