26th Feb 2018 09:21
26 February 2018
Metal Tiger Plc
("Metal Tiger" or the "Company")
Share Issue and Directors’ Interest in Shares
On 2 February 2018 Metal Tiger stated it was required to issue new Metal Tiger shares in respect of the remaining 204,500 Kemco Mining Plc Pre-IPO Warrants (the “Warrants”). The Company advised that the number of Warrants is 199,500 and not 204,500 as previously stated.
Pursuant to their original terms, the remaining 199,500 Warrants have now been converted into Metal Tiger shares at a 20% discount to the 15 day VWAP post 2 February 2018. This has resulted in Metal Tiger issuing 12,259,617 new shares at an issue price of approximately 1.63 pence per share, with these shares being expected to be admitted to trading on or around 5 March 2018.
Following this issue Metal Tiger has 1,107,592,150 issued shares.
The following directors of the Company, Charles Hall, Michael McNeilly and Geoff McIntyre will receive new shares further to their initial subscriptions in the KEMCO Pre-IPO financing as set out below:
| Director | KEMCO Subscription amount | New Shares issued | Total Number of Shares held after issue | Percentage share capital of the Company | |||||
| Charles Hall | £25,000 | 1,536,293 | 32,394,699 | 2.92% | |||||
| Michael McNeilly | £5,000 | 307,259 | 2,640,591 | 0.24% | |||||
| Geoff McIntyre | £5,000 | 307,259 | 5,133,514 | 0.46% |
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 | ||||||
| Gordon Poole James Crothers Monique Perks | Camarco (Financial PR) | Tel: +44 (0)20 3757 4980 |
View source version on businesswire.com: http://www.businesswire.com/news/home/20180226005537/en/
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